Justin C. Elliott

Partner
New York
  • 1271 Avenue of the Americas
  • New York, NY 10020
  • USA
Profile Experience

Justin Elliott advises public and private clients on an array of complex commercial real estate transactions, including joint ventures, financings, acquisitions, dispositions, and restructurings.

Drawing on his vast and varied experience, Mr. Elliott advises a broad range of private equity funds, sovereign wealth funds, pension funds, real estate investment trusts (REITs), and public companies. His experience includes prominent transactions involving a variety of asset classes, such as industrial, multifamily and specialized housing, medical, office, retail, and hospitality.

Mr. Elliott’s practice work includes:

  • Joint ventures
  • Single asset and portfolio financings
  • Acquisitions and dispositions of interests in real property and debt
  • Workouts and restructurings
  • Development
  • Leasing
  • Mergers and acquisitions

Mr. Elliott works with clients to gain an in-depth understanding of their businesses in order to tirelessly advocate on behalf of their best interests. He delivers pragmatic and forward-thinking advice by considering clients’ key drivers while also anticipating their future needs.

Mr. Elliott also frequently provides pro bono advice to clients, including nonprofit organizations, educational institutions, small business owners, and entrepreneurs.

Mr. Elliott’s experience includes advising:

Joint Ventures
  • A multifamily investment company, as a sponsor, in connection with the formation of a platform joint venture to acquire and manage multifamily properties throughout the US
  • A private equity fund in connection with the formation of a multi-party, multi-tiered joint venture to acquire and develop infrastructure-adjacent logistics warehouses in the greater-Charleston, South Carolina area
  • A private equity fund in connection with the formation of a programmatic joint venture to acquire infrastructure-adjacent logistics warehouses located throughout the US
  • A sponsor in connection with the formation of a multi-party, multi-tiered programmatic joint venture to acquire, develop, and operate student housing facilities in New York*
  • A non-US pension fund and a non-US investor, each separately in connection with separate joint ventures as part of an investment fund with a prominent New York developer for the development of a 2.8 million square foot commercial building in the Hudson Yards district of New York City*
  • A non-US endowment fund in connection with the formation of a multi-party, multi-tiered, programmatic joint venture to acquire, develop, and manage senior care facilities in the US*
Financings and Restructurings
  • An alternative investment manager in connection with a US$581.5 million mortgage and mezzanine financing secured by eight multifamily properties located in five states
  • An alternative asset manager in connection with a US$228.8 million mortgage financing secured by a ground leasehold interest in an office building located in New York City
  • A publicly traded REIT in connection with a US$600 million CMBS mortgage and mezzanine financing secured by 34 medical office buildings located in 13 states*
  • A real estate investment company in connection with a US$300 million credit facility to be used for the acquisition and repositioning of single family rental homes and secured by the indirect ownership interests in such homes*
  • A private equity owned provider of post-acute healthcare services in connection with a US$400 million bridge loan secured by 28 skilled nursing facilities and affiliated operating company leases*
  • A non-US private investment group in connection with a US$503 million mortgage financing secured by three hotels in New York City, Washington, D.C., and Bal Harbour, FL*
  • A publicly traded global real estate and investment management firm and a publicly traded REIT collectively as a joint venture borrower in connection with:
    • US$850 million CMBS mortgage loan financing secured by interests in 47 hotels in 16 states*
    • US$780 million refinancing secured by interests in 48 select service, extended stay, limited service hotels in 21 states*
  • A publicly traded global real estate and investment management firm as borrower in connection with 10 separate loans from five different life insurance company lenders totaling approximately US$700 million in mortgage loan financing proceeds and secured by light-industrial property portfolios in various states*
  • A private equity fund and its joint venture partner collectively as borrower in connection with the mortgage and mezzanine construction financing of a residential development project in Washington, D.C.*
  • A private equity fund and its joint venture partner collectively as borrower in connection with the mortgage and mezzanine construction financing secured by a hotel development project in New York City*
  • A private equity fund as lender in connection with the acquisition and mortgage and mezzanine construction financing, loan-to-equity conversion option, and multiple subsequent loan upsizings and modifications, relating to the acquisition and repositioning of landmarked buildings and related parking facilities in Detroit, MI, and subsequent workout/loan modifications relating thereto*
  • A publicly traded global real estate and investment management firm and its joint venture partner collectively as borrower in connection with the workout/loan modification of a mortgage and multiple mezzanine loans relating to interests in 20 hotels throughout the US*
Acquisitions, Dispositions, and M&A
  • Stonepeak Partners in the US$5.65 billion acquisition of The Cosmopolitan of Las Vegas
  • An alternative investment manager in connection with a US$375 million acquisition of 59 motorway rest stops located in eight states
  • A private equity fund in connection with the acquisition of portfolios and single asset infrastructure-adjacent logistics warehouses throughout the United States
  • A publicly traded global real estate and investment management firm in connection with an approximately US$17 billion tri-party merger of equals to create a public company with approximately US$58 billion of assets under management*
  • A family-owned real estate company in connection with a US$690 million sale of 24 rental apartment buildings in New York City*
  • An investment bank in connection with a US$956 million sale of an industrial portfolio with locations across the US*
  • A sponsor of a joint venture in connection with the acquisition of a student housing building located in New York City*
Leasing and Development
  • A private university and a global information and technology company, each separately in connection with separate leases of solar equipment and related real property for the generation of electricity and electricity credits*
  • A global retail company in connection with a lease of 47,333 square feet in midtown Manhattan*
  • A family-owned real estate company in connection with a long-term ground lease and related sale of development rights to a prominent New York developer for the development of a mixed-use project in New York City*

*Matter handled prior to joining the firm

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