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Eversheds Sutherland Advises MDH Partners in $1.26B Sale of Sunbelt Logistics Portfolio

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Eversheds Sutherland is happy to announce that it suggested consumer MDH Companions within the $1.26 billion sale of its Sunbelt Logistics Portfolio to a worldwide institutional investor. The 58-property institutional-quality logistics industrial actual property portfolio totals 9.7 million sq. ft in 10 states, and the corporate will retain a stake within the portfolio and function the warehouses on behalf of the brand new proprietor.

The Sunbelt Logistics Portfolio is predominantly situated throughout the southern United States and ideally positioned close to main metropolitan areas. It consists of 11 properties in Georgia; 10 properties in Florida; eight properties in Texas; seven properties in Arizona and Missouri; 4 properties in Tennessee and North Carolina; two properties in South Carolina and Virginia and one property in Kentucky. The portfolio consists of recent, state-of-the-art gentle industrial and bulk distribution properties with a mean constructing measurement of 169,000 sq. ft.

Eversheds Sutherland Companions Kevin A. Thomas, Wes Sheumaker, Daniel R. McKeithen and Kristina Kopf Thomas led this transaction with extra help from Companions Mark D. Herlach, Scott Wright, and Associates Frank Comparetto III, Kailyn G. Coots, Danyelle J. Dukes, Mary Kate Nicholson, Vaughn Powell and Allison E. Speaker.

About Eversheds Sutherland’s Actual Property Observe Group

With greater than 400 attorneys devoted to actual property globally, the Eversheds Sutherland Actual Property group has developed a complete understanding of the market, the economics of our purchasers’ industries and the authorized points that have an effect on them. The group brings collectively transactional actual property and finance attorneys, which supplies Eversheds Sutherland depth and velocity to assist purchasers determine alternatives, suggest inventive options and take care of complicated points once they come up. The attorneys have distinctive information round tax and regulatory points, they usually comb by transaction particulars to verify purchasers’ wants and considerations are addressed. The US-based group works in just about each state and main actual property market, and worldwide offers span the globe. Eversheds Sutherland has the depth to handle many various kinds of offers, together with area of interest areas resembling timber acquisition, hospitality, complicated actual property finance, together with multi-tranche mezzanine debt and information heart improvement and leasing.

About Eversheds Sutherland’s Tax Observe Group

Eversheds Sutherland (US) serves as tax counsel to lots of the world’s most outstanding corporations—together with multiple third of the Fortune 100—in each space of federal, worldwide, state and native tax regulation. Our focus is on serving to purchasers obtain their aims in a tax-efficient method and offering them with the best commonplace of illustration in administrative in addition to authorized proceedings. With greater than 170 tax attorneys in over 20 international locations, together with roughly 80 within the US, the group has in depth expertise representing taxpayers with all facets of taxation throughout the globe. We apply a cross-disciplinary, group strategy to develop custom-made options and uncover new alternatives for taxpayers, and counsel purchasers on home and worldwide tax planning, tax controversy, insurance coverage taxation, joint ventures and partnerships, tax accounting, state and native tax, worker advantages and government compensation. We additionally signify taxpayers in administrative proceedings and in judicial controversies. Our attorneys chart a manner by the maze of nationwide and sub-national tax legal guidelines and supply built-in tax recommendation for as we speak’s multi-jurisdictional enterprise surroundings.

About Eversheds Sutherland 

As a worldwide prime 10 regulation observe, Eversheds Sutherland gives authorized companies to a worldwide consumer base starting from small and mid-sized companies to the biggest multinationals, appearing for 79 of the Fortune 100, 65 of the FTSE 100 and 134 of the Fortune 200.

With greater than 3,000 attorneys, Eversheds Sutherland operates in over 70 workplaces in additional than 30 international locations throughout Africa, Asia, Europe, the Center East and the US. As well as, a community of greater than 200 associated regulation companies, together with formalized alliances in Latin America, Asia Pacific and Africa, present help across the globe.

Eversheds Sutherland gives the total vary of authorized companies, together with company and M&A; dispute decision and litigation; vitality and infrastructure; finance; human capital and labor regulation; mental property; actual property and development; and tax. 

Eversheds Sutherland is a worldwide authorized observe and contains two separate authorized entities: Eversheds Sutherland (Worldwide) LLP (headquartered within the UK) and Eversheds Sutherland (US) LLP (headquartered within the US), and their respective managed, managed, affiliated and member companies. The usage of the title Eversheds Sutherland is for description functions solely and doesn’t suggest that the member companies or their managed, managed or affiliated entities are in a partnership or are a part of a worldwide LLP. For extra info, go to eversheds-sutherland.com.

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