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Sally Davis practices in Ropes & Gray’s real estate investments & transactions group. She routinely represents private equity funds, institutional investors, hedge funds, asset managers, sovereign wealth funds and other financial institutions in a wide variety of transactional real estate matters, including the negotiation of complex joint ventures for real estate investments and related acquisitions, dispositions, leasing matters, financings, recapitalizations and preferred equity structures. Sally is known for developing innovative solutions for achieving client business goals, such as expanding into new asset types, creating hybrid deal structures, or exploring new approaches to governance. She advises clients and leads complicated transactions across all geographies and all real estate asset classes, including multifamily, industrial, office, data center, life sciences and healthcare, infrastructure and more. Clients commend her strong “level of service, level of sophistication and commercial vision,” calling her an “exceptional” attorney, according to Chambers.
Sally is committed to improving outcomes for those around her, whether at the firm or in her community. She serves on the boards of directors of two nonprofit arts organizations, A BroaderWay Foundation and Arts Gowanus, and has provided pro bono representation for several nonprofit organizations in connection with their owned and leased real estate assets. At Ropes & Gray, Sally serves as the chair of the real estate group’s training committee and is also involved in firmwide recruiting and Women’s Forum initiatives. She is also an active member of the firm’s infrastructure industry group and serves as the partner lead on the social infrastructure sub-sector group.
Experience
- Representation of a capital partner in a joint venture with respect to the venture's acquisition of an office building in New York City (to be re-developed into a mixed-use retail and residential condo project, consisting of approximately 220 residential units and approximately 40,000 net sellable square feet of retail space) for a purchase price of $88 million, as well as the related negotiation of acquisition and construction financing for $180 million.
- Representation of an institutional investor in the $330 million acquisition of a 423,000-square foot office building in New York City, including negotiation of bridge financing for $220 million.
- Representation of a large investment fund in connection with multiple joint venture platforms to acquire, develop and lease data center sites located throughout the United States and Europe with an anticipated aggregate commitment of up to $750 million.
- Representation of a preeminent global hedge fund in the formation of a joint venture investment vehicle formed to acquire a portfolio of seven pools of loans secured by a total of 20 multifamily projects located in San Francisco, CA for a purchase price of $65 million.
- Representation of a large alternative investment management company in connection with a $400 million joint venture and recapitalization of a portfolio of 51 industrial properties located in Oklahoma, Texas and Colorado, as well as the $272 million term loan obtained to partially finance the acquisition.
- Representation of a preeminent global hedge fund as capital partner in a joint venture for the acquisition and development cold storage facilities across the United States, with an anticipated aggregate capital commitment of $375 million.
- Representation of a global asset manager in connection with the formation of a joint venture and recapitalization a 353-unit multifamily property in Texas and a 256-unit multifamily property located in, Florida, for an aggregate purchase price of $147 million, as well as the related negotiation of acquisition financing for $97.5 from Fannie Mae.
- Ongoing representation of a global investment and advisory firm in connection with the negotiation, structuring and formation of real estate joint ventures, funds and other “hybrid” type investments, involving transactions with multiple operating partners focused on both equity and debt-related assets located in and around the United States, valuing approximately $200 million in commitments on an annual basis.
- Ongoing representation of a global investment management company in connection with several joint venture investments on behalf of multiple investors and with multiple operating partners, focused primarily on single-family housing portfolios located in and around the United States.
- Ongoing representation of The Boston Ballet, Inc. pro bono, in connection with various real estate related matters, including the leasing of a school and studio facility in Needham, Massachusetts.