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-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.
  • 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 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.
  • Financial institution provides $270 million syndicated loan secured by 46-story office building in Chicago, IllinoisJones Day represented a financial institution, as administrative agent, in connection with a $270 million syndicated loan secured by a 46-story office building located in Chicago, Illinois.
  • National banks provide $320 million term loan secured by multi-building office campus located in Menlo Park, CaliforniaJones Day represented two national banks in connection with a $320 million term loan secured by a multi-building office campus located on Sand Hill Road in Menlo Park, California.
  • Wells Fargo arranges $414.6 million syndicated secured construction loan for development of creative office space in West Los AngelesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $414.6 million syndicated secured construction loan for the development of approximately 584,000 square feet of creative office space in West Los Angeles along with approximately 94,000 square feet of retail and theater space.
  • Wells Fargo provides $210 million loan secured by multifamily residential propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $210 million loan secured by three multifamily residential properties in Colorado, North Carolina, and Oregon.
  • Wells Fargo Bank provides $865.7 million revolving and term loan facility secured by 120 industrial propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $865.7 million revolving and term loan facility secured by 120 industrial properties spread across seven states.
  • Major financial institution provides $117 million syndicated loan secured by office building in Walnut Creek, CaliforniaJones Day represented a major financial institution, as administrative agent, in connection with a $117 million syndicated loan secured by a 10-story, Class A office building located in Walnut Creek, California.
  • Major financial institution provides $205 million loan secured by lifestyle center in New YorkJones Day represented a major financial institution, as administrative agent, in connection with a $205 million syndicated loan secured by a lifestyle center located in New York.
  • Wells Fargo provides $125 million construction loan for development and construction of transit-oriented project in CaliforniaJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $125 million syndicated construction loan for the development and construction of a mixed-use, transit-oriented project adjacent to the San Jose Airport.
  • Wells Fargo provides $130 million senior term loan secured by multifamily rental asset in Hawaii and $20 million mezzanine term loanJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $130 million syndicated senior term loan secured by a 499-unit multifamily rental asset in Hawaii and a $20 million mezzanine term loan.
  • Wells Fargo provides $425 million senior unsecured term loan and revolving credit facility to real estate investment, development, and management companyJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $425 million senior unsecured term loan and revolving credit facility provided to a real estate investment, development, and management company.
  • Wells Fargo amends existing term loan for owner and operator of medical office buildings in U.S.Jones Day advised Wells Fargo Bank, National Association, as administrative agent, in connection with an amendment to its existing term loan provided to an owner and operator of medical office buildings in the United States.
  • Major financial institution provides $384 million syndicated senior term loan secured by eight-property portfolio throughout United StatesJones Day represented a major financial institution, as administrative agent, in connection with a $384 million syndicated senior term loan secured by an eight-property portfolio comprised of multifamily residential housing complexes located throughout the United States.
  • Major financial institution provides $200 million secured loan for construction of residential apartment units and retail space in Los Angeles, CaliforniaJones Day represented a major financial institution, as administrative agent, in connection with a $200 million syndicated secured construction loan for the development and construction of a four-building, mixed-use project to be comprised of 595 residential apartment units and approximately 5,000 square feet of retail space located in Los Angeles, California.