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Douglas Selph

Douglas D. Selph

Partner
Phone: 404.504.7780
Fax: 404.365.9532
dselph@mmmlaw.com
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Douglas D. Selph has substantial expertise in structuring, documenting, negotiating, and closing secured loan transactions for financial institutions, including complex syndicated credit facilities involving multi-state collateral. He is experienced in representing REIT’s and other commercial real estate borrowers in a wide range of secured credit facilities, including working capital lines, acquisition loans and mezzanine loans, and has also been actively involved in debt restructurings, workouts, and merger transactions for REIT and developer clients.

In addition to his real estate finance practice, Doug also handles real estate acquisitions and dispositions, and general real estate development matters.

Doug is a frequent speaker at real estate law seminars sponsored by the Georgia Bar, The American College of Real Estate Lawyers, and The American Law Institute on such topics as real estate finance, intercreditor rights, legal opinions, ethics, and letters of credit and has published articles in the Georgia Law Review, the Georgia Bar Journal, and the Practical Real Estate Lawyer.

Representative Experience

  • Representation of a medical/office REIT in an aggregate $1.75 billion syndicated senior unsecured revolving credit and term loan facilities.
  • Representation of national multifamily developer in aggregate $101, 257, 200 in construction loan financing for four multifamily developments located throughout the southeast, including aggregate $51,711,000 in preferred equity financing in connection with such projects.
  • Representation of publicly-traded industrial and retail REIT in aggregate $400 million senior secured revolving credit and term loan transactions.
  • Representation of national industrial real estate developer in its acquisition and development of aggregate 360 acres for $63 million for an industrial park near Savannah, Georgia, including ground leases and payment in lieu of taxes structure with local government authority.
  • Representation of hospitality lender in aggregate $370 million warehouse lines of credit.
  • Representation of an equity sponsor in a $204 million senior secured corporate financings for sponsor acquisitions.
  • Management of lender consent and debt modification process for $3.2 billion in connection with retail REIT merger transactions.
  • Management of lender consent and debt modification for $1.2 billion in connection with industrial REIT merger transactions.
  • Management of lender consent and debt modification process for $370 million in connection with retail REIT merger transactions.
  • Management of lender consent and debt modification process for $167 million in connection with healthcare REIT merger transactions.
  • Representation of a regional bank in an aggregate of $250 million syndicated secured construction loans on upscale mixed-use/multifamily projects.
  • Representation of an industrial/office REIT in a $47 million subordinated secured corporate financings for sponsor acquisitions.
  • Representation of an insurance holding company in the $17.9 million senior secured revolving credit facility. 

Accolades

  • Selected, Best Lawyers, Commercial Finance Law, 2023 - 2024
  • Selected, Georgia Super Lawyer as published in Atlanta magazine, 2010-2013
  • Fellow, American College of Real Estate Lawyers (ACREL), 2007 - Present
  • Selected, Atlanta Business Chronicle’s 2016 Law & Accounting Who’s Who

Membership

  • Member, Committee to Promote Inclusion in the Profession, State Bar of Georgia
  • Member, Urban Land Institute (ULI) Atlanta Center for Leadership - Class of 2011
  • Fellow, Lawyers Foundation of Georgia
  • Board of Directors, Stonewall Bar Association, 2012-2017; President, 2015-2016
  • Board of Advisors, Georgia Tech School of Economics, 2014
  • Member, Omicron Delta Epsilon International Economics Honor Society - Georgia Tech School of Economics
  • Past Chair, Executive Committee, Real Property Law Section, State Bar of Georgia, 2004-2005
  • Member, Committee on Legal Opinions to Third Parties in Real Estate Transactions, Real Property Law Section, State Bar of Georgia
  • American College of Real Estate Lawyers (ACREL)
    • Chairman, ACREL Attorneys’ Opinions Committee, 2022 - Present
    • ACREL Member Development Committee, 2015-2017
    • Secretary, ACREL Capital Markets Committee, 2011

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