Gregory G. Schultz

 REAL ESTATE AND FINANCING TRANSACTIONS

• Multifamily and mixed-use real estate transaction. Lead counsel to primary investor in connection with acquisition of approx. 300 unit multifamily and 10,000 s.f. mixed use project in Florida. Services provided included drafting and negotiating 1031 exchange documentation including a tenancy in common (TIC) agreement, the purchase and sale agreement, reviewing all real estate due diligence materials and supervising the closing. Numerous ancillary agreements including a property management agreement were negotiated as well. Transaction value in excess of $80,000,000.
• Regional manufacturing facility. Lead counsel to seller in connection with sale of 500+ acre tract to development authority in bonds-for-title transaction for construction of regional electric vehicle (EV) battery manufacturing facility in Georgia. Transaction included the negotiation of numerous development agreements for early access by contractor and reciprocal easement agreement and §1031 exchange documentation. Transaction value in excess of $35 million.
• Regional manufacturing facility refinance. Lead counsel to borrower in a $25 million term loan from a commercial bank to finance an industrial facility in southeast Georgia in a bond-for-title financing structure.
• Multifamily development. Lead counsel to developer in connection with acquisition, development and financing of 200+ unit multifamily and townhome for rental development in metro-Atlanta, Georgia area. Transaction value in excess of $60 million.
• Multifamily development. Lead counsel to developer in connection with acquisition, development and financing of 103-unit multifamily development in Atlanta, Georgia. Transaction value in excess of $37 million.
• Single Tenant Retail Acquisition and Development. Lead counsel to developer and investor in dozens of single tenant retail developments throughout the U.S., including automotive, banks, fast food, fast casual, general merchandise and pharmacy segments. Cumulative transaction value in excess of $150 million.
• Multifamily and townhome for rental development. Lead counsel to developer in connection with joint venture negotiations and acquisition, development and financing of +/- 200 unit multifamily and townhome for rental development in Oklahoma City, Oklahoma. Transaction value in excess of $42 million.
• Townhome for Rental and Multifamily development. Lead counsel to developer in connection with the acquisition, development and financing of 275 unit multifamily and rental townhome development in Greenville, South Carolina. Transaction value in excess of $44 million.
• Affordable housing portfolio sale. Lead counsel to seller in connection with the sale of 13 property affordable housing portfolio in Georgia and South Carolina, including negotiation of purchase and sale agreement, handling title and survey objections, interfacing with regulatory counsel and closing. Transaction value approximately $90 million.
• Industrial B-T-S distribution center development. Lead counsel to primary investor in connection with a built-to-suit leased distribution center in Atlanta, Georgia. Services included drafting and negotiating 1031 exchange documentation including a tenancy in common (TIC) agreement, the purchase and sale agreement, reviewing all real estate due diligence materials and supervising the closing. Transaction value approximately $90 million.
• Industrial B-T-S development. Lead counsel to developer in connection with build-to-suit development of +/- 500,000 s.f. distribution facility in bonds-for-title transaction in Fulton County, Georgia. Transaction included the negotiation of forward sale purchase and sale agreement, and development agreement for tenant improvements. Transaction value approximately $18 million.
• Senior living/continuing care development. Lead counsel to developer in connection with the acquisition, development and construction of +/- 280 unit upscale fee-simple, continuing care retirement community in Atlanta, Georgia. Representation included acquisition of property and negotiation of construction financing of multi-phased development. Transaction value (including all phases) approximately $180 million.
• Anchor-tenant shopping center development. Lead counsel to developer of a Costco anchored shopping center in metro Atlanta, Georgia. Handled all aspects of development work in connection with the sale of the anchor pad, including negotiation of purchase and sale agreement, reciprocal easement agreement, and development agreement relating to outparcels. Also represented developer in connection with outparcel sales.
• Acquisition and development of adaptive-reuse, historic tax credit transaction. Lead counsel to developer in connection with acquisition and development adaptive reuse project of former public building into approximately 70,000 s.f. of Class A creative office space, financed in part with state and federal historic tax credits. Total investment in excess of $20 million.
• Acquisition and development of multiple SFR developments. Lead counsel to developer in connection with acquisition and development of multiple single-family rental (“SFR”) properties from 2018-present in Georgia, Florida, South Carolina and North Carolina. Transaction value of multiple investments in excess of $200 million.
• Acquisition and development of foundry. Lead counsel to publicly-traded manufacturer in connection with acquisition and development of new foundry in Illinois. Transaction value approximately $16 million.
• Refinance of multiple workforce housing properties with Fannie Mae lender. Lead counsel to Borrower in connection with the refinance of portfolio of workforce housing multifamily properties in three states with Fannie Mae DUS lender. Transaction value in excess of $30 million.
• Acquisition financing of medical office portfolio. Lead counsel to lender in connection with the acquisition and financing of a 125,000 s.f. medical office portfolio in Illinois. Transaction value approximately $9 million.
• Acquisition and development of multiple opportunity zone transactions. Lead counsel to developer in various opportunity zone transactions pursuant to 26 U.S.C. Subchapter Z, including significant office development in south Florida, mixed-use retail and multi-family adaptive re-use project in Greenville, SC and office and multi-family adaptive re-use project on west Atlanta’s “Beltline.” Cumulative transaction value in excess of $150 million.
• Disposition of industrial portfolio in Georgia, Florida, and South Carolina. Lead counsel to seller in sale of 24 industrial properties located in Georgia, Florida, and South Carolina. Transaction value in excess of $70 million.
• Local Counsel to Borrower in connection with multifamily workforce housing loan with Fannie Mae lender. Local and opinion counsel to borrower in connection with loan for workforce housing in Columbus, Georgia with Fannie Mae lender under DUS program. Transaction value in excess of $80 million.

REPRESENTATIVE LEASING TRANSACTIONS

• Lease due diligence review for portfolio sale. Lead counsel for seller in connection with review of 113 retail leases across five states in connection with the sale of franchised businesses at those locations as part of an asset sale. The review included a detailed analysis of lease provisions, including transfer and consent to assignment clauses, and drafting applicable notice letters to each landlord.
• Negotiation and drafting of Industrial leases in connection with portfolio sale. Lead counsel for landlord in drafting and negotiating 18 leases across six states for industrial flex space locations in connection with an asset sale of the landlord affiliate’s operating business.
• Drafting and negotiation of shopping center leases. Counsel to landlord for a large Target-anchored mixed-use development in central Florida, negotiating and finalizing leases with multiple national retail, restaurant, fitness, healthcare, and service tenants. Also led ground-lease negotiations with national tenants, supporting more than 350,000 square feet of planned retail and restaurant space.
• Drafting and negotiation of lease for Private Club. Lead counsel for tenant in negotiating a restaurant/private club lease in Class A office building in Buckhead, Atlanta totaling approximately 12,000 sq ft, plus outdoor patio area and including coffee shop and food service elements,
• Drafting and negotiation of office lease. Lead counsel for tenant in negotiation of full-floor, approximately 25,000 sq. ft. Class A office space in Atlanta, Georgia.
• Drafting and negotiation of numerous retail leases. Lead counsel in connection with drafting and negotiating 40+ retail leases on behalf of landlord/developer at numerous locations across the country with national retailers such as banks, pharmacies, fast casual, and auto parts retailers.
• Drafting and negotiation of office & retail leases. Lead counsel in connection with drafting and negotiating 15 retail leases (brewery with other boutique and experiential retail tenants) on behalf of landlord/developer at adaptive re-use retail project in Greenville, SC.
• Drafting and negotiation of 31,000 s.f. retail lease. Lead counsel in connection with drafting and negotiating 31,000 s.f. retail lease on behalf of tenant at regional mall in Kennesaw, GA.
• Drafting and negotiation of retail lease. Lead counsel in connection with drafting and negotiating approx. 8,500 s.f. experiential retail lease on behalf of landlord/developer at mixed use project in Atlanta, GA.
• Drafting and negotiation of industrial lease. Lead counsel in connection with drafting and negotiating approx. 130,000 s.f. industrial lease on behalf of tenant at distribution center in Kennesaw, GA.
• Drafting and negotiation of industrial lease. Lead counsel in connection with drafting and negotiating approx. 400,000 s.f. industrial lease on behalf of tenant at distribution center in Kennesaw, GA.

REPRESENTATIVE INSURANCE COVERAGE MATTERS

• Environmental Bodily Injury Coverage Claim. Lead counsel for a corporate policyholder in Illinois in litigation arising from alleged long-tail environmental contamination at an industrial facility. From 2019 to 2023, multiple personal‑injury suits were filed alleging exposure to pollutants from decades earlier and sought in excess of $50 million in damages. After denial of coverage under historic CGL programs spanning multiple policy years, an action was filed against the primary insurer asserting declaratory relief, breach of contract, and bad‑faith claims. Successfully defended against a motion to dismiss and a motion for judgment on the pleadings. After identifying additional historic policies issued by other insurers through discovery, the case was resolved through separate settlements with the implicated insurers
• Crane Pad Failure Claim. Lead counsel on behalf of policyholder in connection with insurance coverage for tower crane pad failure leading to builder’s risk claim in connection with new construction of 11-story hotel. The claims at issue exceeded $8 million.
• Wrongful Death Claim. Lead counsel on behalf of policyholder in connection with insurance coverage for wrongful death and property damage claims in excess of $10 million arising from an industrial accident in North Carolina. Coverage at issue included commercial general liability, environmental liability, and contractor’s professional liability insurance.
• Asbestos Claims. Lead counsel on behalf of policyholder in connection with insurance coverage for asbestos claims. Claims involved multiple carriers and layered primary and excess policies totaling in excess of $100,000,000 of potential coverage. Obtained favorable ruling on summary judgment, which was upheld in substantial part on appeal, including rulings by the Georgia Court of Appeals and the Georgia Supreme Court.
• Defective Construction Claim. Lead counsel on behalf of policyholder in connection with insurance and indemnity claims arising from the construction of a distribution warehouse in the State of Pennsylvania. Dispute involved pursuit of subcontractors and their insurers for defense and indemnity with litigation in three states. The claims at issue exceeded $14 million.
• D&O Coverage Claim. Lead counsel on behalf of policyholder in connection with multi-million dollar D&O insurance claims arising from civil suit against officers and directors involving fraud, negligence and breach of contract claims. The matter also involved criminal allegations.
• Defective Construction Claim. Lead counsel on behalf of policyholder in connection with litigation arising from alleged defective construction at a warehouse distribution facility in the State of Texas. Dispute involved general liability carrier for general contractor and general liability carrier for numerous subcontractors. The claims at issue exceeded $4 million.
• Defective Construction Claim. Lead counsel on behalf of policyholder, a general contractor, in connection with claims of defective construction at a manufacturing plant in the State of Alabama. Dispute involved claims in excess of $1 million that resulted in litigation with subcontractors and their general liability insurers as well as dispute with general contractor's general liability insurer.
• Manufacturing Defect Claim. Lead counsel on behalf of policyholder, a manufacturer, in connection with coverage litigation related to consumer class-action claims involving national retailers in the State of Illinois. Dispute involved litigation with general liability carrier for manufacturer. The claims at issue exceeded $1 million.
• Construction Defect Claim. Lead counsel on behalf of policyholders, a general contractor and an engineering firm, in connection with claims of defective construction at a $70 million distribution warehouse in the State of North Carolina. Dispute involved general liability carrier for general contractor and general liability carrier for numerous subcontractors. The claims exceeded $2 million. The dispute included litigation with E&O carrier over coverage for design allegations made in connection with claims of faulty construction.
• Construction Defect Claim. Lead counsel on behalf of policyholder in connection with claims of defective construction at a $20 million distribution warehouse in the State of Oregon. Dispute involved general liability carrier for general contractor and general liability carrier for numerous subcontractors. The claims at issue exceeded $2 million.