Michael T.Riess (Mike)

Partner

Washington + 1.202.879.3684 San Francisco + 1.415.875.5813

Focused on representing lenders in all aspects of real estate secured and unsecured lending, Mike Riess is known for his ability to anticipate client needs and efficiently structure, negotiate, document, and close complex lending transactions. His experience includes construction lending, mezzanine lending, REIT finance, note finance, multicurrency facilities, syndications and participations, ground leasehold financing, and synthetic leasing arrangements. That experience spans a wide array of asset classes, including undeveloped land, office buildings, apartment buildings, hotels, resorts, shopping centers, multifamily and mixed-use projects, and other commercial properties.

Mike has successfully negotiated, documented, and closed billions of dollars of transactions on behalf of multiple major financial institutions acting as administrative agent, including a $346 million syndicated senior secured credit facility secured by a six-property portfolio spread across multiple states; a $450 million syndicated secured facility for the construction of a portion of a tech campus in Sunnyvale, California; and a $2.5 billion syndicated senior credit facility to a real estate investment trust focused on acquiring, renovating, leasing, and operating single-family homes as rental properties.

Mike also has significant experience in the area of distressed real estate, including restructuring of debt obligations, commercial foreclosures, loan workouts, and entity restructuring. Through his representation of both developers and syndicated loan agents, Mike has acquired unique know-how with regard to failed financial institutions and the Federal Deposit Insurance Corporation's (FDIC) actions in connection with such matters.

Experience

  • Wells Fargo provides $225.5 million term loan facility secured by mixed-use luxury high rise development located in Chicago, IllinoisJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $225.5 million term loan facility secured by mixed-use luxury high rise development, including 279 residential rental apartments, 15 residential condominium units, and a parking garage located in Chicago, Illinois.
  • Wells Fargo provides $705 million revolver and term loan facility secured by portfolio of 12 multifamily properties across multiple statesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $705 million revolver and term loan facility secured by 12 multifamily properties across Georgia, North Carolina, South Carolina, Kansas, Florida, Colorado, and Nevada.
  • Wells Fargo provides $627 million term loan facility secured by portfolio of 10 multifamily properties across multiple statesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the origination of a $627 million term loan facility secured by 10 multifamily properties across Texas, North Carolina, South Carolina, and Florida.
  • Wells Fargo provides $982 million revolver and term loan facility secured by portfolio of approximately 100 industrial propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the modification and upsize of a $982 million revolver and term loan facility secured by more than 100 industrial properties in multiple jurisdictions across the U.S., including Minnesota, Nevada, Texas, California, Pennsylvania, and Colorado.
  • Wells Fargo provides $690 million revolver and term loan facility secured by portfolio of approximately 40 industrial propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the modification and upsize of a $690 million revolver and term loan facility secured by more than 40 industrial properties in multiple jurisdictions across the U.S.
  • Wells Fargo provides $550 million revolver and term loan facility secured by portfolio of approximately 36 industrial propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $550 million revolver and term loan facility secured by approximately 36 industrial properties in multiple jurisdictions across the U.S.
  • Wells Fargo provides $200 million revolving life sciences acquisition facilityJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $200 million revolving acquisition facility to be secured by life sciences properties across the U.S.
  • National real estate fund provides $195 million term loan facility secured by high-end mixed use multifamily development in Boca Raton, FloridaJones Day represented a national real estate fund in connection with a $195 million term loan facility secured by high-end mixed use multifamily development in Boca Raton, Florida.
  • Wells Fargo provides $120 million financing for five property life sciences portfolioJones Day advised Wells Fargo Bank, National Association, as administrative agent, on the $120 million financing of a five property life sciences portfolio.
  • National real estate fund provides $259 million term loan facility secured by multifamily portfolioJones Day represented a national real estate fund in connection with a $259 million term loan facility secured by multifamily portfolio.
  • Wells Fargo-led syndicate provides $400 million unsecured revolving credit facility to publicly traded real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as arranger, in connection with an amendment to, and increase of, an existing credit facility to an industrial focused REIT that specializes in owning and operating multi-tenant buildings located in multi-building parks.
  • National bank provides $300 million term loan secured by NFL studio and office project in Inglewood, CaliforniaJones Day represented a national bank, as administrative agent, in connection with a $300 million term loan secured by a newly constructed multi-media studio and office project located in the Hollywood Park Development in Inglewood, California.
  • Wells Fargo amends facilities secured by mortgages on healthcare and life science propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment of a $750 million revolving credit facility, $200 million term loan facility, and related intercreditor arrangements, which among other things, secured the facilities with mortgages on close to 100 healthcare and life science properties across the country.
  • National bank provides $150 million term loan secured by NFL studio and office project in Inglewood, CaliforniaJones Day represented a national bank, as administrative agent, in connection with a $150 million term loan secured by a newly constructed multi-media studio and office project located in the Hollywood Park Development in Inglewood, California.
  • Wells Fargo provides $314.3 million syndicated secured loan for acquisition of office building located in Seattle, WashingtonJones Day represented Wells Fargo Bank, National Association, as administrative agent, sole lead arranger, sole bookrunner, and lender, in connection with a $314.3 million syndicated secured loan for the acquisition of an office building located in Seattle, Washington containing approximately 668,000 square feet.
  • Wells Fargo provides $498.45 million loan secured by nine multifamily residential properties in Colorado, Georgia, North Carolina, Oregon, and TexasJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $498.45 million loan secured by nine multifamily residential properties in Colorado, Georgia, North Carolina, Oregon, and Texas.
  • Wells Fargo provides $80 million construction financing for mixed-use repositioning of former electric power stationJones Day represented Wells Fargo Bank, National Association in connection with the $80 million construction financing for mixed-use repositioning of a former electric power station.
  • Wells Fargo amends $1.4 billion revolving and term credit facilities secured by mortgages on travel centers and hotelsJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment of $1.4 billion revolving and term credit facilities, which among other things, secured the facilities with mortgages on close to 100 travel centers and hotels across the country.
  • Wells Fargo amends credit agreement for Black Creek Industrial FundJones Day represented Wells Fargo Bank, National Association, as administrative agent, joint lead arranger, and joint bookrunner, in connection with an amendment to its credit agreement for Black Creek Industrial Fund, a real estate investment fund.
  • Wells Fargo provides $235 million construction loan secured by office properties in San Mateo, CaliforniaJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, in connection with a $235 million construction loan secured by office properties in San Mateo, California.