Latham & Watkins Represents Brookfield Asset Management in US$2.2 Billion Sale of Fundamental Income Properties to Starwood Property Trust

Starwood Property Trust, Inc. (NYSE: STWD) announced that it has entered into a definitive agreement to acquire Fundamental Income Properties, LLC, a fully integrated net lease real estate operating platform and owned portfolio, for approximately US$2.2 billion. Fundamental, currently owned by Brookfield Asset Management, operates a vertically integrated net lease real estate investment business led by a best-in-class, experienced management team.

Latham & Watkins LLP represents Brookfield Asset Management in the transaction with a multidisciplinary corporate deal team led by New York real estate partner Michael Haas, Chicago private equity M&A partner Jonathan Solomon, and real estate counsel Shira Bressler, with associates Katie Connelly, Meghan McDuff, and Matthew Galligan. Advice on tax matters was provided by Los Angeles partner Ana O’Brien and counsel William Kessler; on employee benefits matters by Los Angeles partner Larry Seymour, with associate Iryna Onyshchenko; on intellectual property matters by New York partner Pelin Serpin; on structured finance matters by New York partner Graeme Smyth; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz.