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Latham & Watkins Advises BentallGreenOak and Highgate Capital Investments in US$50 Million Strategic Investment in American Hotel Income Properties REIT LP

January 29, 2021
Corporate and tax deal team advised on the investment.

American Hotel Income Properties REIT LP (AHIP) has announced that BentallGreenOak Real Estate Advisors LP (BentallGreenOak) and Highgate Capital Investments, LP (Highgate) through HCI-BGO Victoria JV LP, a joint venture limited partnership, have made an aggregate US$50 million strategic investment in AHIP and its subsidiary, American Hotel Income Properties REIT Inc., through the issuance of newly-created Series C preferred equity stock of AHIP REIT and warrants to acquire Units of AHIP, on a private placement basis.

Latham & Watkins LLP represented BentallGreenOak and Highgate in the investment with corporate team led by Chicago partner Gary Axelrod and Los Angeles partner Brad Helms, with associates Alidad Damooei, Zachary Wender, Michael Jung, Dustin Higgins, Paris Salgado, and Jennifer Pesce. Advice was also provided on tax matters by Century City partner Pardis Zomorodi, with associate Kathryn Harrington.