Robert T. Buday
Partner
Chicago
robert.buday@lw.com
+1.312.777.7050
PRACTICES
- Australia Practice
- Private Equity
- Real Estate
- Restructuring & Special Situations
INDUSTRIES
- Entertainment, Sports & Media
- Hospitality, Gaming & Leisure
- REITs
EDUCATION
- JD, Indiana University School of Law, 1991
Associate Editor, Indiana Law Review - BS, Indiana University, 1988
LANGUAGES SPOKEN
PROFILE
Robert Buday advises clients on high-end real estate transactions, including highly structured joint ventures and other investment vehicles.
Drawing on more than three decades of experience, Robert delivers pragmatic counsel to publicly traded and privately held US and global real estate operating companies, developers, real estate investment trusts (REITs), private equity funds, pension funds, sovereign wealth funds, and other institutional investors on:
- Real estate operating company asset and entity-level transactions, transfers, and recapitalizations
- Joint ventures, partnerships, and other investment vehicles
- Single-asset and portfolio acquisitions and dispositions
- Development projects
- Borrower-side financings
- Bankruptcy and out-of-court restructurings
Described as “the king of billion-dollar real estate deals,” (Law360), Robert regularly handles complex, large-scale transactions across the United States. His work spans a range of asset classes, including office, retail, industrial, multifamily, data centers, and healthcare projects.
He maintains an active pro bono practice, including advising the Chicago Community Loan Fund on real estate loan transactions for low-income housing programs.
Robert is a former Global Co-Chair of Latham’s Real Estate Practice and a former member of the Associates Committee.
EXPERIENCE
Robert’s experience includes advising:
Data Centers
- A leading global REIT on a:
- Joint venture with a leading global private equity investor to develop four hyperscale data center campuses across three metro areas in Europe and North America
- Sale of data centers in Germany and the US to Digital Core REIT
- A leading global private equity investor on acquiring and redeveloping a large-scale data center campus outside Washington, D.C.
REITs
- A leading REIT on selling US$3 billion of assets
- A non-traded REIT on selling a US$2.3 billion real estate portfolio
- A leading REIT on its merger with a non-traded REIT, resulting in a combined US$7 billion public company
- A non-traded REIT in connection with a US$350 million unsecured revolving credit facility
- A non-traded REIT in connection with a US$200 million secured credit facility
- A non-traded REIT on selling a US$2.3 billion real estate portfolio
- A leading REIT owning US$3.2 billion of property on its corporate restructuring and US$500 million IPO equity offering
- A leading REIT company on its US$500 million restructuring and pending IPO
Private Equity
- A real estate private equity sponsor on negotiating and forming a platform joint venture with a leading global alternative investment managing company to acquire office and retail properties across the Southeast US
- A real estate private equity sponsor in connection with the acquisition and loan assumption of office property in Florida
Other Transactions
- A national industrial developer on forming a joint venture for the acquisition and development and subsequent sale of a US$1 billion industrial facility for the National Nuclear Security Administration
- A global food and drug retailer on the US$900 million sale of a real estate development business
- A foreign investor on its investment in a mixed-use development valued at US$1 billion
- A national industrial developer on a US$250 million private note placement
- A global food and drug retailer on the US$400 million sale of 62 operating stores and related assets
- A global food and drug retailer on a US$9 billion merger involving more than 2,000 properties
- Management-sponsored buyout of private real estate operating company owning approximately US$450 million of office and retail properties
- A national retailer on US$1 billion sale leaseback transactions with multiple buyers
- A global food and drug retailer on the US$900 million sale of a real estate development business
- A private real estate operating company owning approximately US$450 million of office and retail properties on the company’s sale
- A national industrial developer on restructuring its executive incentive compensation plan
- A global food and drug retailer on a US$110 million sale of 16 operating stores and related assets
- A national industrial developer on a US$350 million unsecured revolving credit facility
- A national industrial developer on forming a joint venture to acquire and develop a US$750 million industrial facility for the National Nuclear Security Administration
- A real estate operating company on acquiring and financing an office tower in Tampa, Florida