Overview
Recent projects include: negotiation of the sale of First Industrial’s interests in several North American joint ventures to its joint venture partner; the significant restructuring of the operations of this REIT’s taxable REIT subsidiary and its receipt of a private letter ruling from the IRS that resulted in the REIT’s recognition in excess of $100 million of tax losses from the restructuring transaction; and restructuring of the REIT’s and its operating partnership’s $625 million primary credit facility with Wells Fargo Bank, National Associations, as the Administrative Agent.