Albert (Al) W. Stemp
Whether structuring a complex joint venture and preferred equity investment in a large portfolio, advising on a mixed-use redevelopment project, or negotiating a more straightforward acquisition and related financing, Al Stemp listens to his clients, understands their business objectives, provides valuable market insights and context, and helps them work efficiently to achieve their desired results while mitigating unnecessary risk.
Al is a trusted counsel to a diverse group of clients in connection with a broad range of real estate transactions. He advises private equity funds, REITs, institutional capital sources, retail operators, developers, and hospitality companies, among others, regarding investments across all real estate asset classes.
Al is comfortable and adept at representing lenders and borrowers in all types of real estate finance transactions (including mortgage, mezzanine, and construction loans in the balance sheet, syndicated, or securitization markets). Clients, whether as sponsor or capital partner, trust Al's common sense, depth of experience, and creativity in negotiating and documenting partnership and joint venture agreements for all manner of investments in commercial real estate assets and debt instruments.
Before joining Hogan Lovells, Al was counsel in the Los Angeles office of another global law firm.
Representing Canadian real estate fund in connection with a joint venture investment in a portfolio of triple net leased U.S. and German retail assets.
Advising a Los Angeles-based private equity fund in connection with its $100m recapitalization of the general partner of a portfolio of multifamily funds.
Negotiating a US$405m mortgage/mezzanine loan facility secured by two beachfront hotels in Santa Monica, CA on behalf of the owner/borrower.
Advising a major U.S. private equity fund in connection with a preferred equity investment in a joint venture acquiring multifamily properties.
Representing a NY-based real estate investment fund in connection with joint venture to complete an approximately US$400m mixed-use development.
Representing a Los Angeles-based private equity fund in connection with its co-investment with a Canadian pension fund in a US mortgage lending platform.*
Advising a large office REIT in connection with its joint venture with a Boston-based fund to recapitalize a portfolio of Los Angeles area assets.*
Advising the property owner in connection with a joint venture to finance and develop luxury apartment projects.
Representing a public industrial property REIT in connection with a US$120m loan to complete development of 11 assets.
Advising a public apartment REIT in connection with the sale of a portfolio of multifamily assets.
Representing a major national tool and tool accessories retailer in connection with the leasing numerous retail locations across the U.S.
*Matter handled prior to joining Hogan Lovells.
California, Real Estate