Morris Manning & Martin, LLP

Bradford Lenox

Bradford R. Lenox

Partner
Phone: 919.433.2820
Fax: 919.806.2057
[email protected]
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Brad Lenox is a Partner in the Corporate, Securities, Real Estate Capital Markets and Funds & Alternative Investments practices.  Mr. Lenox focuses his practice on advising clients on all aspects of fund formation and related legal matters, including initial fund formation, joint venture equity financings, organizational structuring, regulatory and tax structuring and compliance, closings, negotiating side letters, employee compensation issues and internal structuring among fund sponsor principals. Mr. Lenox has also spent significant time helping to form and take public listed and unlisted REITs, representing both issuers and underwriters, and working with venture capital funds and venture capital-backed companies.

Mr. Lenox spent five years in public accounting with Price Waterhouse in Boston and Ernst & Young in Raleigh before beginning his legal career. He maintains his North Carolina Certified Public Accountant’s license.

Representative Clients

  • Noble Investment Group (Atlanta, Georgia)
  • SunTrust (Atlanta, Georgia)
  • Cortland Partners (Atlanta, Georgia)
  • InvestRes Communities (formerly Avesta Communities) (Tampa, FL)
  • Almanac Realty (formerly Rothschild Realty) (New York, New York)

Representative Experience

  • Represented a sponsor in its third hospitality fund, raising $233 million.
  • Represent a sponsor in a $700 million fund being formed to originate high quality commercial mortgages.
  • Represent a private equity fund in a planned $200 million investment in an industrial property platform.
  • Represent a sponsor in its third discretionary fund formed to make multi-family investments.
  • Advise on tax structuring for a publicly traded REIT’s hotel joint ventures.
  • Advising a multi-family developer on potential liquidity and capital formation opportunities.
  • Represented a sponsor in its second hospitality fund, raising $220 million.
  • Represented a national bank in its investment in a CRA shopping center fund.
  • Represented a family office in its $40 million investment in a sponsor’s third ($450 million) real estate fund.
  • Represented an investor in a $100 million investment in a European debt fund.
  • Represented sponsor in a $100 million fund formed to make commercial mortgages on hospitality properties.
  • Represented an investor in its investment in a leveraged debt fund.
  • Represented a real estate fund in its syndication of a $150 million co-investment.
  • Represented a fund sponsor in a $100 co-investment formed to acquire a portfolio of hotels.
  • Represented a sponsor in the unwinding of a joint venture and subsequent recapitalization of assets with a new joint venture partner.
  • Represented a financial partner out of its fifth and sixth funds in a series of joint ventures with operating partners.
  • Represented a residential developer in a programmatic joint venture with a large money manager to establish a residential lot development platform.
  • Represented an investor in a $75 million investment in a senior loan fund.
  • Represented a sponsor in its first and second discretionary funds formed to make multi-family investments.
  • Represented a sponsor in the restructuring of a $300+ million hospitality fund.
  • Represented a family office in a $20 million investment in a sponsor’s second ($400 million) real estate fund.
  • Represented a family of real estate private equity funds in over $500 million of investments in real estate companies.
  • Represented a family of real estate private equity funds in successfully exiting from various investments
  • Represented a public REIT in its acquisition of its external advisor.
  • Represented a real estate operator in a joint venture formed to sponsor a $400 million real estate fund focused on real estate development opportunities in the Western U.S. and subsequently represented the sponsor in the formation of the fund.
  • Represented an industrial platform in unwinding a programmatic joint venture with a state pension plan.
  • Represented the sponsor of a $100 million real estate fund focused on value-add and  core-plus multi-tenant industrial and R&D projects of institutional quality.
  • Represented the sponsor of a $300 million real estate fund focused on multi-family properties in the Western U.S.
  • Represented the sponsor of a second fund targeting a $500 million raise with a focus on industrial properties in selected target markets throughout the U.S.
  • Represented sponsor in its seventh fund, a $300 million fund formed to acquire multi-family residential properties throughout the U.S.
  • Represented a real estate fund sponsor in the restructuring of its compensation program and general partner and management company entities.
  • Represented the operating partner in three joint ventures (with the same financial partner) formed to acquire busted condominium developments and restructure them as multi-family residential communities, with an aggregate acquisition value of $77 million.
  • Represented a fund and joint venture sponsor in the restructuring of its internal general partner and related entities and compensation program.
  • Represented a partner in a joint venture to sponsor a public REIT focused on multi-family properties offering $2.76 billion in common stock.

Accolades

  • Listed, Legal 500, Investment Fund Formation and Management - Real Estate Investment Trusts (REITs), 2011
  • North Carolina Bar Association
  • American Bar Association
  • American Institute of Certified Public Accountants
  • North Carolina Association of Certified Public Accountants

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