Michael J. Austin (Mike)

Partner

Chicago + 1.312.269.4094

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Mike Austin represents clients in complex real estate transactions. His practice includes joint ventures, real estate private equity fund formations, sale-leaseback transactions, acquisition and disposition of real estate, and commercial leasing of retail and industrial space throughout the United States. In addition, he has assisted clients involved in developing public-private partnerships (P3s) with states, municipalities, and universities for the operation of major infrastructure assets, such as tollways, bridges, utility systems, and parking systems. Mike has been involved in some of the largest P3 infrastructure transactions in the United States, including representing The Ohio State University in connection with the monetization of its energy facilities for more than $1 billion.

In addition to Ohio State, Mike works regularly with clients such as MARK Capital Management, Orion Capital Managers, Mill Creek Residential Trust, TriGate Capital, and Shake Shack. He also helped represent the City of Detroit in the confirmation of its plan of adjustment, focusing on the City's infrastructure assets, including its electrical system, art collection, and real estate.

Prior to attending law school, Mike worked as a legal management consultant, providing consulting services to in-house legal departments for Fortune 500 companies.

Experience

  • Educational nonprofit restructures debt and achieves workouts with its lender and major creditorsJones Day successfully assisted pro bono a Virginia-based 501(c)(3) educational organization in restructuring its balance sheet, negotiating and documenting new financing, facilitating settlements with major secured and unsecured creditors, navigating non-profit governance issues, addressing real estate concerns, and resolving labor and employment issues.
  • Henderson Park acquires PGA National ResortJones Day advised Henderson Park in the acquisition of the iconic PGA National Resort and Spa in Palm Beach Gardens, Florida.
  • TriGate Capital provides preferred equity for acquisition of a retail portfolio in TexasJones Day advised TriGate Capital, LLC in the provision of preferred equity for the acquisition of a retail portfolio located in Central and East Texas by TriGate's Growth and Income Partnership.
  • Henderson Park acquires Arizona Biltmore for $705 millionJones Day represented Henderson Park Capital Partners in the acquisition and financing of the Arizona Biltmore, a LXR Hotel & Resort, for a purchase price of $705 million.
  • TriGate Capital provides preferred equity for Class A apartment complex in Phoenix, ArizonaJones Day advised TriGate Capital, LLC, in the provision of preferred equity for the acquisition of a Class A apartment complex located in Phoenix's Midtown submarket by TriGate's Growth and Income Partnership.
  • TriGate Capital forms joint venture for Texas purchaseJones Day advised TriGate Capital, LLC in its joint venture for the acquisition of forty-seven acres near Lewisville, Texas.
  • Blue Flag and affiliated funds obtain new subscription credit facilityJones Day represented Blue Flag and its managed funds Signal H Investment Partnership III, LP ("SHIP III") and Signal H Investment Parallel Partnership III, LP ("Parallel Fund") in connection with SHIP III and Parallel Fund's new subscription facility with a private national bank based in New York, as the sole lender.
  • Real estate fund amends its $15 million subscription facilityJones Day represented a real estate fund in connection with the amendment of its $15 million subscription facility, which among other things, extended the maturity of the facility, modified the commitment amount and replaced BSBY with SOFR.
  • Accord Catalyst Fund obtains subscription line credit facilityJones Day represented Accord Catalyst Fund in connection with a new subscription line credit facility.
  • Blue Flag Capital acquires Snake River Lodge and SpaJones Day advised Blue Flag Capital in the acquisition and financing of the Snake River Lodge and Spa, a 93-key hotel and spa located in Teton Village, Wyoming, by a vehicle managed by Blue Flag Capital.
  • Henderson Park sells stake in Westin Paris-Vendome to Dubai HoldingJones Day advised Henderson Park Real Estate Fund I in connection with the disposal of its stake in the iconic Westin Paris-Vendome hotel to its joint venture partner, Dubai Holding.
  • MARK Capital sells European portfolio to PrologisJones Day advised MARK Capital in the €1.585 billion sale of Crossbay (by Crossbay SCSp RAIF), its specialized pan-European last-mile logistics platform, to Prologis European Logistics Fund.
  • Henderson Park acquires D.C. Mandarin OrientalJones Day represented Henderson Park Capital Partners in its joint venture with Salamander Hospitality, LLC and the joint venture's $139 million acquisition and financing of the D.C. Mandarin Oriental, a 373-room luxury hotel located in the Southwest waterfront area of Washington D.C. 
  • Leading provider of education technology, services, and print and digital content amends $350 million secured credit facilityJones Day represented a leading provider of education technology, services, and print and digital content in connection with an amendment to its $350 million secured credit facility.
  • Henderson Park and South Street Partners acquire Palmetto Bluff Montage Hotel and ResortJones Day represented Henderson Park Capital Partners in its joint venture with South Street Partners and the joint venture's acquisition and financing of Palmetto Bluff, a 20,000-acre single family residential and resort community in the Lowcountry of South Carolina, situated between Charleston and Savannah.
  • Bespoke Capital Acquisition Corp. combines with Vintage Wine EstatesJones Day advised Bespoke Capital Acquisition Corp., a TSX listed special acquisition company ("BCAC"), on its business combination with Vintage Wine Estates, one of the fastest growing U.S. wine producers.
  • Georgetown University announces partnership for comprehensive energy P3 agreement with ENGIEJones Day represented Georgetown University in connection with the negotiation and commercial close of a comprehensive energy P3 agreement with ENGIE.
  • TriGate Capital forms joint venture with Parkside TPA Flats Partners, LLC for acquisition of nine low-rise office buildings portfolioJones Day advised TriGate Capital, LLC in its joint venture with Parkside TPA Flats Partners, LLC for the acquisition of a portfolio of nine low-rise office buildings.
  • University of Idaho announces public-private partnership for concession of university's utility systemJones Day represented the University of Idaho in connection with the University's public-private partnership with a joint venture between Plenary and Sacyr for a 50-year lease and concession of the University’s energy assets.
  • Greystar enters joint venture to develop portfolio of rental housing assets across São PauloJones Day advised Greystar Real Estate Partners, LLC in its joint venture with a Canadian pension fund and a Brazilian real estate developer’s existing partnership to develop a portfolio of rental housing assets across São Paulo.
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