Hee Jae focuses his practice on real estate investments and finance for all asset classes. Hee Jae has represented a broad range of clients, including individuals, institutional real estate investors, developers, private equity funds, sovereign wealth funds, REITs, investment and commercial banks, and life insurance companies in complex real estate transactions including mortgage and mezzanine loans, preferred equity investments and other structured financings, constructions loans, credit facilities, joint ventures, leasing, and acquisitions and sales of real estate-related debt and assets.
Hee Jae’s experience advising lenders and borrowers, buyers and sellers, and landlords and tenants provides him a unique perspective in approaching a transaction and allows him to understand the issues at hand from all viewpoints. This insight helps him to find pragmatic solutions saving both time and resources for his clients.
Hee Jae current serves as a vice chair on the Life Insurance Company Investments subcommittee of the Real Property, Trust and Estate Law Section of the American Bar Association.
Prior to joining Womble Bond Dickinson, Hee Jae served as an associate in the real estate groups at Shearman & Sterling LLP and Sidley Austin LLP in New York.
Any result the lawyer or law firm may have achieved on behalf of clients in other matters does not necessarily indicate similar results can be obtained for other clients.
- A major commercial bank, as administrative agent, in connection with a $500 million syndicated senior unsecured revolving credit and term loan facility for a publicly traded real estate investment trust in the hospitality sector. The facility included an accordion feature, enabling the facility to be increased to $850 million in the aggregate.
- A major New York real estate developer in the buyout of its joint venture partner’s (a publicly traded real estate investment trust and the largest commercial landlord in New York City) interests in two New York City retail properties on West 34th Street that were leased to major retailers.
- A major New York real estate developer in the buyout of its two joint venture partners’ (a publicly traded real estate investment trust and an Israeli insurance company) interests in a retail cooperative apartment at 747 Madison Avenue which was leased to Givenchy, a French luxury fashion retailer
- One of the oldest real estate families in New York City, the fee owner of the Mobil Building located at 150 E 42nd Street, New York, in connection with the sale by a Japanese investor of its ground leasehold interest in the property, as well as the contemporaneous extension and restatement of the ground lease resulting in the new scheduled expiration date running through 2113.
- A major commercial bank in establishing a $300 million repurchase facility for tax liens.
- Commercial and investment banks as buyers and various investment funds as sellers in multiple repurchase facilities ranging from $50 million to $500 million for performing commercial real estate loans.