Daniel Backer is a partner in the Real Estate Department, focusing on a wide variety of real estate transactions, including acquisition and dispositions, joint ventures, financings, restructurings and leasing. He represents a broad variety of clients including domestic and international real estate companies, lenders, funds, private equity investors and other real estate investors on transactions across all types of asset classes, including office, shopping center, multi-family, hospitality, and health care.
Experience
- Joint Ventures, Part I: Considerations Entering into a Joint Venture, AFIRE Guide to US Real Estate Investing (2009), with Albert Behler and Eugene A. Pinover
- DigitalBridge Group in the $3.2 billion sale of its Wellness Infrastructure business to Highgate Capital Investments and Aurora Health Network.
- Colony Capital, Inc. in the $1.515 billion financing secured by a portfolio of 158 U.S. healthcare properties.
- Colony Capital, Inc. in the $1.16 billion acquisition of a national portfolio of 54 light and bulk industrial buildings by its affiliates.
- Colony Capital, Inc. in connection with a refinancing secured by interests in multiple select service, extended stay and limited service hotels located in 15 states.
- Paramount Group, Inc. in the $415 million financing provided to affiliates of Angelo, Gordon & Co. and Normandy Real Estate Partners and secured by the Class A office and retail property located at 575 Lexington Avenue in New York City.
- IO Data Centers LLC in the sale of its business to publicly traded REIT Iron Mountain Incorporated for a purchase price of $1.34 billion.
- Colony NorthStar, Inc. and Chatham Lodging Trust in connection with an $850 million CMBS mortgage loan financing secured by interests in 47 hotels located in 16 states, and in connection with a subsequent $780 million refinancing secured by interests in 48 select service, extended stay and limited service hotels located in 21 states.
- Paramount Group, Inc. in the issuance of mezzanine financing secured by interests in 44 Wall Street, a 289,000-square-foot, 23-story office building owned by The Blackstone Group.
- Hudson’s Bay Company in its $400 million mortgage refinancing of the Lord & Taylor flagship property in New York City.
- Colony Financial, Inc. in its pending $1.6 billion acquisition of Cobalt Capital Partners and its highly diversified portfolio of 256 primarily light industrial assets.
- Sunrise Senior Living, Inc. in connection with real estate aspects of its $1.9 billion acquisition by Health Care REIT, Inc., and buyout agreements with joint venture partner Heitman for two separate portfolios relating to an additional sixteen senior living facilities with an aggregate value of approximately $480 million.
- DiamondRock Hospitality Company in the $78 million sale of the Torrance Marriott.
- Bloomberg L.P. in one of the largest New York office lease deals of 2011 —the negotiation of a lease of over 400,000 square feet of additional office space at 120 Park Avenue to accommodate Bloomberg’s rapid growth.
- Citigroup with respect to its position in the $6.5 billion CMBS and mezzanine loan to Harrah’s.
- AECOM Capital in a joint venture with the Mack Family Office and Urban Partners LLC, as co-general partners, and the related acquisition of five development sites located in the South Park district of Los Angeles, with a total projected development cost of approximately $280,000,000.
Credentials
Education
Fordham University School of Law, J.D., 2003 University of Pennsylvania, B.A., 1997