Michael T.Riess (Mike)

Partner

(T) + 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 actions in connection with such matters.

Experience

  • 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.
  • Wells Fargo provides $350 million financing to real estate development companyJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $350 million financing provided to a real estate development company.
  • Wells Fargo provides $100 million credit facility to real estate development companyJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $100 million senior unsecured credit facility provided to a real estate development company.
  • Wells Fargo amends existing $1 billion credit facility for real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with an amendment to its existing $1 billion syndicated credit facility provided to a real estate investment trust focused on acquiring, renovating, leasing, and operating single-family homes as rental properties.
  • KeyBank provides $200 million credit facility to American Campus CommunitiesJones Day represented KeyBank, National Association, as administrative agent, in connection with a $200 million credit facility provided to American Campus Communities, a large developer, owner, and manager of high-quality student housing apartment communities.
  • Financial institution provides $675 million credit facility to Colony Starwood HomesJones Day represented the administrative agent and left lead bank in connection with a $675 million revolving credit facility provided to Colony Starwood Homes, an owner, manager, and operator of single-family rental homes across the United States.
  • Major financial institution provides $2.5 billion credit facility to real estate investment trustJones Day represented a major financial institution, as administrative agent and joint lead arranger, in connection with a $2.5 billion syndicated senior credit facility provided to a real estate investment trust focused on acquiring, renovating, leasing, and operating single-family homes as rental properties.
  • Wells Fargo provides $1 billion credit facility to real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $1 billion syndicated senior credit facility provided to a real estate investment trust focused on acquiring, renovating, leasing, and operating single-family homes as rental properties.
  • Bank of America provides $310 million financing secured by five property portfolioJones Day represented Bank of America, N.A., as administrative agent, in connection with a $310 million syndicated senior secured credit facility secured by a five property portfolio.
  • Wells Fargo purchases portfolio of real estate loans on commercial property located throughout the United StatesJones Day represented Wells Fargo Bank, National Association, in connection with its purchase of a portfolio of real estate loans on commercial property located throughout the United States, with a total value in excess of $1 billion.
  • Bank of America provides $265 million construction financing for 648-unit luxury apartment rental complex and retail space in Los Angeles, CAJones Day represented Bank of America, N.A. in connection with a $265 million syndicated secured financing for the development and construction of a mixed-use project comprised of a 648-unit luxury apartment rental complex and approximately 48,000 square feet of retail space adjacent to the Staples Center in Los Angeles, CA.
  • Wells Fargo provides $450 million financing for development and construction of tech campus in CaliforniaJones Day represented Wells Fargo Bank, National Association in connection with the $450 million syndicated secured financing for the development and construction of a portion of a tech campus located in Sunnyvale, California.
  • Wells Fargo provides $356.6 million financing secured by office building in downtown San Francisco areaJones Day represented Wells Fargo Bank, National Association in connection with a $356.6 million construction loan secured by a 43-story office building with ground floor retail and subterranean parking in downtown San Francisco.
  • Wells Fargo provides $256.5 million construction financing for technology campus in Sunnyvale, CaliforniaJones Day represented Wells Fargo Bank, National Association in connection with its $256.5 million construction loan to a developer for building a technology campus in Sunnyvale, California.
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