Jeffrey J. Temple

Partner | New York

jtemple@mofo.com | (212) 468-8031

jtemple@mofo.com
(212) 468-8031

Jeff Temple is the co-chair of the firm’s U.S. Real Estate Group and has over 35 years of experience representing a broad spectrum of clients making investments in, acquiring, financing, developing, operating, and selling large commercial real estate assets. He regularly advises institutional lenders, private equity investors, investment fund sponsors, REITs, foreign investors, and family offices.

Leading lenders and borrowers call on Jeff for representation in complex, multi-tiered finance transactions and credit facilities of all types, including transactions involving the acquisition and disposition of real estate assets, as well as the acquisition and sale of loans and loan portfolios. Jeff regularly represents financial institutions, REITs, and private equity funds in connection with syndicated credit facilities (secured and unsecured), construction loans, preferred equity investments, A/B notes and participation arrangements, mezzanine financings, note purchase transactions, note financings, and intercreditor and co-lending arrangements involving major office, residential, industrial, retail, hospitality, and mixed-use projects.

Jeff also regularly represents institutional domestic and foreign investors in large-scale acquisitions and dispositions of a wide variety of U.S. commercial assets, and the structuring and documentation of strategic and programmatic joint ventures, sale/leaseback transactions, and direct investments in U.S. real estate assets. He has also guided a variety of sponsors and family offices in the establishment of real estate funds and various private placements and other alternative capital raising structures. Jeff also actively represents U.S. opportunity fund investors making strategic acquisitions and forming joint ventures with local partners in Europe and Asia. His practice frequently involves the representation of foreign institutions making in-bound investments in U.S. commercial real estate, and provides guidance on the proper cross-border structuring of these investments. Following the formation of joint ventures for his clients, Jeff has continued to represent these ventures in numerous complex acquisitions, financings, and subsequent dispositions.

Jeff is a member of the firm’s Distressed Real Estate Group and represents clients in a broad variety of loan restructurings and workouts, utilizing decades of experience through multiple “down cycles” to achieve creative and meaningful solutions to highly complex matters often involving adversarial situations. He has successfully completed restructurings involving billions of dollars of investments for both lenders and borrowers. He advises clients on the exercise of both UCC and mortgage remedies regarding problem loans and the restructuring of troubled joint ventures and other distressed real estate investments.

He has developed a leading practice in the area of EB-5 investments and financings, having worked on transactions that have included over $2 billion of EB-5 investments. He represents both developers seeking EB-5 investments and senior lenders making secured loans with EB-5 in the capital stack.

He also actively represents owners, developers, and investors in hotels, office buildings, and other commercial properties in the development, management, and leasing of such commercial properties.

Jeff is the author of numerous articles and publications on fast-developing issues and trends in the real estate space, and is an active speaker in the New York real estate community and frequently moderates and participates on panels covering a broad variety of commercial real estate topics. In 2021, Jeff was named a “Top Author” in the JD Supra Readers’ Choice Awards, recognizing top authors for thought leadership.

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Experience

  • A major money center bank in its role as the administrative agent and lead arranger of a $1.8 billion construction loan for an office and retail tower located at 50 Hudson Yards.

    A well-known debt fund in the origination of over $1 billion in mortgages, mezzanine loans, and preferred equity investments.

    A major multinational bank as the administrative agent and as a co-lead arranger of a $690 million construction loan to develop 30 Hudson Yards.

    A prominent private equity fund in connection with multiple debt origination transactions, including: a $122.2 million loan for a downtown Brooklyn office and retail project; the $100 million financing of a Miami office building; and a $120 million construction loan for a multi-family property in Atlanta.

    Various REITs in arranging their secured, unsecured, and borrowing base credit facilities.

    A money center bank in connection with a $260 million credit enhancement and term loan facility, which also involved subordinate EB-5 financing, for the construction of a luxury high-rise residential complex.

  • A Japanese public company in over $1.5 billion in office building acquisitions and sales in New York City and Washington, D.C., including: the $467.5 million acquisition and subsequent sale of 685 Third Avenue, a large Class A office building in Manhattan; the $121.5 million sale of 40 West 25th Street in New York City; the $93 million acquisition and subsequent sale of 1201 Connecticut Avenue, NW in Washington, D.C.; the $109.5 million acquisition and subsequent sale of the Capitol Place III office building at 50 F Street, NW in Washington, D.C.; and the $175 million sale of 1325 G Street, NW in Washington, D.C.

    One of the top hospitality developers in the United States in connection with a joint venture acquisition and construction financing for the development of a 1,500-room convention hotel. The financing included a $500 million senior syndicated loan and a $75 million mezzanine loan, with a total deal size of $1.275 billion. Also represented this client in the subsequent recapitalization of the project, which involved buying out one of the major equity partners.

    A family office in the recapitalizations of each of its investments in two of the largest convention center hotels in the United States.

    A China-based owner/developer in connection with entering into a joint venture for (and recent restructuring of) the construction and development of a high-rise residential condominium project with retail space located in the heart of the financial district across from the New York Stock Exchange.

    A prominent private equity fund in over 25 separate joint ventures to acquire commercial properties in New York, Florida, Georgia, Virginia, and South Carolina with an aggregate value of over $100 billion.

    The largest private equity fund in the world in connection with a significant equity investment in TSX Broadway, a groundbreaking $2.5 billion project which features 75,000 square feet of retail, a luxury hotel, an LED wraparound screen covering 18,000 square feet, an outdoor performance stage, and a renovation of the historic Palace Theater.

    A REIT in connection with a programmatic joint venture to acquire assets located in Opportunity Zones.

    Multiple Japanese and German investors in connection with all of their in-bound U.S. commercial real estate investments, including multi-family and hospitality assets.

    A joint venture between a prominent real estate private equity fund and family office in connection with the acquisition, financing, subsequent recapitalization, and ultimate sale of a portfolio of European shopping centers valued in excess of $1 billion.

    A Middle Eastern investor in connection with the acquisition of over 20 commercial properties in the United States valued in excess of $1.5 billion and the subsequent liquidation of that portfolio, which included the Essex House Hotel.

    A public real estate company in the sale of one of the largest regional malls in the United States.

  • The joint venture owners of a large regional mall in connection with the negotiation of a deed in lieu of foreclosure and release from their lender.

    A debt fund in connection with mezzanine foreclosure(s) and assignments in lieu of foreclosure to take back the title to portfolios of hotel assets and office buildings and the subsequent sale of those assets.

    The principal creditor in one of the largest hotel bankruptcies ever filed in the United States; the matter involved multiple lawsuits, chapter 11 proceedings, co-lender litigation, and a lawsuit on carve-out guaranty.

    A hedge fund in the restructuring of $360 million of senior and mezzanine indebtedness involving a mixed-use development project outside Phoenix, Arizona, adjacent to an NFL football stadium and NHL hockey arena.

    The U.S. branch of a foreign bank in connection with the restructuring and partial sale of 12 different real estate loans aggregating over $1 million to a single developer.

  • Multiple developers in connection with the sourcing and negotiation of over $500 million EB-5 investments structured as senior mortgages, mezzanine loans, and preferred equity investments.

    Several different national and regional banks in connection with the origination of numerous senior loans exceeding $3 billion in total aggregate value in connection with developments utilizing EB-5 capital.

    A developer in the sourcing of EB-5 capital to construct one of the largest observation wheels in the United States.

  • A real estate private equity fund in the formation and launching of three separate opportunity funds, involving different asset classes.

    One of the largest companies in the United States in connection with all of its retail leases in the New York metropolitan area.

    A world-renowned museum in connection with its lease of space for a second museum branch located in New York City.

    A REIT in connection with the acquisition and simultaneous ground leasing of four different New York hotels.



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