M&A Year in Review 2023 brochure - Flipbook - Page 49
| M&A Year in Review | 2023
We advised Aware Super, an Australian superannuation
fund, on its acquisition of a 22% stake in Get Living PLC,
one of the UK’s pioneering platforms in the build-torent sector.
Aware Super’s investment in Get Living complements
the fund’s leadership in Australia’s build-to-rent and
a昀昀ordable housing markets as well as its international
expansion strategy into other markets.
Lawyers in our London o昀케ce led the transaction, with
support from our Sydney o昀케ce and our investment funds,
private equity, real estate, and tax practices.
We advised Life Storage, a self-storage company, on its
successful defense of a hostile takeover attempt and
subsequent US$12.7 billion friendly merger with Extra
Space Storage.
The merger created the largest storage platform in the
industry with a total enterprise value of US$47 billion.
Lawyers in our Washington, D.C. o昀케ce led the transaction,
with support from our Baltimore, Denver, Los Angeles,
Northern Virginia, New York, Philadelphia, and San
Francisco o昀케ces and our antitrust, capital markets,
employee bene昀椀ts, litigation, privacy and cybersecurity,
real estate, regulatory, securities, and tax practices.
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We advised Kenedix, a Japan-based REIT manager, on
the U.S. elements of a merger between three Tokyo Stock
Exchange-listed J-REITs: Kenedix O昀케ce Investment
Corporation, Kenedix Residential Next Investment
Corporation, and Kenedix Retail REIT Corporation.
The innovative triple merger, which was the 昀椀rst
transaction of its type in Japan’s public REIT market,
created the third largest J-REIT with over JPY1.17
trillion (US$8.2 billion) in assets under management.
Lawyers in our New York and Tokyo o昀케ces advised on
the transaction.
We advised Urstadt Biddle Properties, a REIT,
on its US$1.4 billion merger with Regency Centers,
a shopping center owner, operator, and developer.
The merger grows the combined company’s shopping
center footprint in premier suburban trade areas.
Lawyers in our Washington, D.C. o昀케ce led the
transaction, with support from our Baltimore,
Denver, New York, Northern Virginia, and
Philadelphia o昀케ces and our capital markets,
employment,
environment,
infrastructure
and
projects, litigation, real estate, securities, and
tax practices.
