People: Thomas Galli, Partner

Photo of Thomas Galli, Partner

Thomas Galli

Partner

Washington, D.C.
Direct: (202) 772-9777
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Thomas Galli is a partner in the Real Estate Department of Seyfarth Shaw LLP’s Washington, D.C. office. Mr. Galli represents clients in real estate transactions and developments for mixed use, office, data center, retail, stadium, industrial, multifamily, single-family community, undeveloped land, and other types of properties located throughout the country. He has served clients on the acquisition and disposition of single assets and portfolios (including loan portfolios), permanent, securitized, credit line, and construction financing, loan restructuring and workouts, lease transactions for landlords and tenants, and public private partnerships. He regularly represents private equity firms, REITs, pension funds, opportunity funds, insurance companies, asset managers, banks, publicly traded companies, private companies, developers, entrepreneurs, technology companies, nonprofit organizations, and government agencies on a variety of real estate transactions and developments.

Thomas Galli is a partner in the Real Estate Department of Seyfarth Shaw LLP’s Washington, D.C. office. Mr. Galli represents clients in real estate transactions and developments for mixed use, office, data center, retail, stadium, industrial, multifamily, single-family community, undeveloped land, and other types of properties located throughout the country. He has served clients on the acquisition and disposition of single assets and portfolios (including loan portfolios), permanent, securitized, credit line, and construction financing, loan restructuring and workouts, lease transactions for landlords and tenants, and public private partnerships. He regularly represents private equity firms, REITs, pension funds, opportunity funds, insurance companies, asset managers, banks, publicly traded companies, private companies, developers, entrepreneurs, technology companies, nonprofit organizations, and government agencies on a variety of real estate transactions and developments.

Education

  • J.D., Stanford Law School (1988)

  • B.S. in Economics, Wharton School, University of Pennsylvania, magna cum laude (1985)

Admissions

  • District of Columbia
  • Virginia
  • California (Inactive)

Affiliations

  • American Bar Association
  • California Bar Association
  • District of Columbia Bar Association
  • Capital Area Community Food Bank (Vice Chairman (1997-2000), General Counsel (1995-2000))
  • Faculty for ALI-ABA's Modern Real Estate Transactions Conference (July 2003)

Representative Engagements

Purchase and Sale Transactions

  • Represented private equity firm on separate accounts for pension funds on acquisitions, leasebacks, financings and joint ventures for data center and office building.
  • Represented private equity firm on separate account for pension fund on sales of Class A office buildings.
  • Represented real estate advisory firm on separate account for pension fund for acquisitions of multifamily properties.
  • Represented private equity firm on sales of loan portfolios.
  • Represented family office based in New York City on financing for office buildings in New York City.
  • Represented private equity fund on its acquisition of controlling interest in $420 million loan portfolio secured by approximately 55 limited service hotels located throughout the U.S. in an FDIC structured transaction.
  • Represented private equity fund on its acquisition of controlling interest in $1.85 billion loan portfolio secured by commercial real estate assets located throughout the U.S. in an FDIC structured transaction.
  • Represented private equity fund on its acquisition of controlling interest in two loan portfolios having an aggregate principal balance of $800 million and secured by commercial real estate and land located throughout the U.S., in an FDIC structured transaction.
  • Represented private equity fund in an FDIC structured transaction on its acquisition of a controlling interest in $341 million loan portfolio secured by commercial real estate and land located throughout the U.S., in an FDIC structured transaction.
  • Represented private equity fund on its acquisition of controlling interest in two loan portfolios having an aggregate unpaid principal balance of $817 million and secured by commercial real estate and land located throughout the U.S., in an FDIC structured transaction.
  • Represented private equity fund on its acquisition of controlling interest in $607 million loan portfolio secured by commercial real estate and land located throughout the U.S., in an FDIC structured transaction. Represented opportunity fund led by national asset advisor in acquisition of office building in Washington, D.C.
  • Represented private equity fund on its acquisition of a controlling interest in $359 Million loan portfolio secured by commercial real estate located around the U.S., in an FDIC structured transaction.
  • Represented private equity fund on its acquisition of a controlling interest in $101 Million loan portfolio secured by commercial real estate and land located primarily in Washington state, in an FDIC structured transaction.
  • Represented one of nation's largest industrial REITs in sales of properties throughout the country.
  • Represented opportunity fund led by national asset manager in acquisition of five office buildings in the Washington, D.C. metropolitan area.
  • Represented opportunity fund led by major Wall Street investment bank on sale of portfolio of industrial properties in the Mid-Atlantic region.
  • Represented publicly traded company in acquisition and financing of its headquarters in Washington, D.C.
  • Represented apartment REIT in acquisition of apartment complexes throughout the country.
  • Represented specialty REIT in acquisition and financing for portfolios of properties throughout the country.
  • Represented single-family home and townhouse developers on acquisitions of land and subdivided lots.
  • Financing Transactions
  • Represented specialty REIT in $325 million bond/securitized financing secured by 97 properties in 20 states.
  • Represented apartment REIT in $270 million refinancing and improvement loan secured by 14 properties in 10 states.
  • Represented apartment REIT in $250 million acquisition and improvement credit line for properties throughout the country.
  • Represented specialty REIT in $228 million bond/securitized financing secured by 50 properties in 15 states.
  • Represented apartment REIT in $179 million portfolio refinancing secured by 10 properties in six states, including $145 million in financing provided by Fannie Mae, and $34 million in mezzanine debt secured by partnership interests.
  • Represented apartment REIT in $150 million portfolio loan secured by 10 properties in six states.
  • Represented apartment REIT in $150 million acquisition and improvement credit line for properties throughout the country.
  • Represented apartment REIT in $125 million acquisition credit line provided by Fannie Mae for properties throughout the country.
  • Represented single-family and townhouse developer on acquisition and construction loans.
  • Represented New York-based lender on loans and workout of loan portfolio in Mid-Atlantic region.
  • Represented hotel company on making subordinated construction and permanent loans to hotel developers.

Development Projects

  • Represented partnership among international retail REIT, national office REIT and German pension fund on development of 5,000,000 square foot entertainment, retail, office, hotel and minor league baseball stadium project in the Meadowlands Sports Complex, East Rutherford, NJ.
  • Represented developer on mixed use resort project on Atlantic Coast of Morocco to include seven hotels, two championship golf courses, beach clubs, spas, a village center (retail, restaurants and entertainment), approximately 1,000 condominiums/apartment units and gated estates.
  • Represented developer on proposed development of 16,000 seat arena in Virginia Beach, Virginia.
  • Represented developer on proposed development of 250 acre mixed-use project in Oakland, California to include new stadium for the Oakland Raiders.
  • Represented developer on proposed development of 160 acre mixed-use project in San Diego, California to include new stadium for the San Diego Chargers.
  • Represented proposed co-developer of mixed-use project to include two office towers, two multifamily towers, first floor retail and five levels of below grade parking, on full city block in Washington, D.C. on site of former George Washington University Hospital Center.
  • Represented developer on 6,000,000 square foot mixed use project in Manassas Park, VA, to include office towers, residential towers, retail center, hotel tower and conference facility, amphitheater, city hall, library, police station, and monorail system circling project and connecting into heavy rail, with platinum LEEDs certification, in public/private partnership with the City of Manassas Park, VA.
  • Represented Prince George's County, MD on development of Washington Redskins Stadium in Landover, MD.
  • Represented Prince George's County, MD in restructuring of ground lease for Capitals Centre/US Airways Arena for redevelopment as retail and entertainment complex.
  • Represented pension fund in development of luxury residential tower and shared parking structure in mixed use project in Atlanta, GA.

Leasing Transactions

  • Represented numerous REITs, pension funds, insurance companies, developers and other institutional owners on office, data centers, industrial and retail lease transactions
  • Represented numerous tenants in leases for office, retail and industrial space, including publicly traded companies, private companies, law firms, technology companies and nonprofit organizations.
  • Represented two of the nation's largest REITs in millions of square feet of lease transactions throughout the country.
  • Represented shopping center REIT in numerous retail leases for malls throughout the country.
  • Represented advisory arm of major Wall Street investment bank on lease transactions for its funds and clients in the Mid-Atlantic region.
  • Represented international bank on its headquarters lease for 170,000 square feet of space in Washington, D.C.
  • Represented pension opportunity fund on full industrial building lease (300,000+ square feet) in Baltimore, MD. (2006 Industrial Deal of the Year for Baltimore Area.)
  • Represented publicly traded company on its headquarters lease in Washington, D.C. (1999 Deal of the Year" for Washington metropolitan area.)
  • Represented publicly traded consulting company on its headquarters lease for 120,000 square feet in the Washington metropolitan area, and on lease transactions throughout the country.
  • Represented landlord on full building lease (300,000+ square feet) in Baltimore, MD. (2006 Industrial Lease Deal of the Year" for the Baltimore region.)

Presentations

  • "Leveraging Public-Private Partnerships for Project Development: Deal Structures and Documentation," Webinar, Strafford Publications, Inc., (March 24, 2016)
  • Moderator, "Maturing Data Center Industry Including: Renewed M&A Activity, Valuation of the Data Center Operation & the Impact of Cross-Regional International Demand," Washington, D.C. & Mid-Atlantic Data Center Summit, Reston, VA (September 17, 2015)
  • Moderator, "Real Estate Projects Executed in Partnerships and Other Collaborations with Governmental Authorities," Public-Private Partnership Conference & Expo, Dallas, TX (February 24, 2015)
  • "Professional Sports Stadiums and Successful Districts and Economic Development," Public Private Partnership Conference, Dallas, TX (February 24-25, 2014)
  • "REO-to-Rental: The View from the Federal Government," IMN, Single Family Aggregation: A Forum for Private Equity, REITs, Institutional Investors & Bank Rent-to-Own Programs, Scottsdale, AZ (November 29-30, 2012)
  • "Distress in the Residential Marketplace," Deloitte Conference, Distressed Debt & Assets Symposium, New York, NY (June 7, 2012)
  • "Single Family Home Aggregation Strategies: Can it be Done Effectively?" IMN NY Real Estate Opportunity & Private Fund Investing Forum, New York, NY (May 30-31, 2012)
  • "FDIC Structured Transactions and How They are Influencing Bank Sales of Loan Portfolios and Fannie Mae Structured Transactions," RealShare, Distressed Assets Conference, Dallas, TX (May 3-4, 2012)
  • "Beyond Distress," Green Pearl Events, New York, NY (September 22, 2011)
  • "NPLs, FDIC Loan Sales & Servicing Bank Debt," IMN 12th Annual U.S. Real Estate Opportunity & Private Fund Investing Forum, New York, NY (June 1-2, 2011)
  • "Distressed Debt & Assets," Deloitte Distressed Debt & Assets Symposium Conference, New York, NY (May 10, 2011)
  • "How To Find Success In Distress," Globestreet Webinar (March 30, 2011)
  • "Structured Sales: Seller Finance, Joint Ventures & Participations for Loan Portfolios," IMN Executive Conference on Distressed Real Estate, New York, NY (March 28-29, 2011)
  • "Distressed Debt Tax, Accounting and Valuation Issues and Solutions," Deloitte Conference, New York, NY (November 3, 2010)
  • "FDIC’s Asset Disposition Programs," Urban Land Institute Fall Conference, Washington, D.C. (October 15, 2010)
  • "Investors’ Interest in Distressed Loan Opportunities," Urban Land Institute Fall Conference, Washington, D.C. (October 14, 2010)
  • "FDIC’s Asset Disposition Programs," Second Annual RealShare Distressed Assets Conference, Dallas, TX (September 16, 2010)
  • "FDIC Loan Sales," 11th U.S. Real Estate Opportunity & Private Fund Forum, IMN Conference, New York, NY (June 3-4, 2010)
  • "Bank Exposures to Real Estate Risks and FDIC Asset Disposition Programs," New York University, New York, NY (May 19, 2010)
  • "FDIC Asset Disposition Programs," Eighth Annual RealShare Conference, Washington, D.C. (March 23, 2010)
  • "FDIC Asset Disposition Programs," Symposium on Distressed Commercial Real Estate, IMN Conference, Hollywood, FL (February 25-26, 2010)
  • "The FDIC’s Structured Transactions Program," Asset Advisory Alliance Conference, Newport Beach, CA (February 2-6, 2010)
  • "Distressed Assets in Commercial Mortgage Crisis," NAIOP Commercial Real Estate Development Association - Northern Virginia Chapter, Alexandria, VA (October 27, 2009)
  • "FDIC’s Structured Transactions Program: Sales of Interest in Distressed Loan Portfolios," NAIOP Commercial Real Estate Development Association, National Webinar (September 16, 2009)
  • ALI-ABA’s Modern Real Estate Transactions Conference (July 30-August 2, 2003)
  • "Negotiating terms for Base Rent 'Commencement Date,' and Pass-Throughs," Washington, D.C. Association of Realtors, Washington, D.C. (October 14, 2003)

Accolades

  • Listed, Chambers USA Guide, National - Real Estate Law (2011)
  • Rated, AV Preeminent® 5.0 out of 5