Seyfarth Represents Workplace Property Trust on $326.5 Million Investment from Oak Hill Advisors

Seyfarth represented Workspace Property Trust (Workspace), one of the largest privately-held suburban office and industrial companies founded by Thomas A. Rizk and Roger W. Thomas, on a $326.5 million investment from Oak Hill Advisors (OHA), a leading alternative investment firm with more than $50 billion in assets.

Under the terms of this agreement, OHA is looking forward to being a capital partner to Workspace as it considers acquisitions and additional investments. Workspace has been sponsored, in part, by Rizk Ventures. Rizk Ventures is a special situations operating firm, and the majority of its investments are in real estate including suburban office, light industrial, healthcare, and self-storage sectors. As part of this agreement, Rizk Ventures and OHA will consider additional investments in Rizk Ventures-sponsored platforms. The founding partners of Workspace include Safanad, Forum Partners, JMP Group, and Everwatch Capital. Oak Hill Advisors will now join this investment group, alongside Mason Capital and funds managed by Rialto Capital Management, LLC. You can read more here.

Founded in 2015, Workspace owns and operates 10 million square feet of suburban office and light industrial properties in markets across the country including South Florida, Tampa, Phoenix, Minneapolis, and two suburban Philadelphia markets.

The Seyfarth Corporate team representing Workspace was led by New York partners John Napoli and David Warburg.