Jones Day issued the following announcement on Sept. 1.
The National Law Journal (NLJ) has chosen Jones Day partner Brian Sedlak, co-leader of the Firm's global Real Estate Practice, for its list of 2021 Real Estate/Construction Law Trailblazers. Through the various Trailblazers special supplements, the NLJ recognizes movers and shakers in the legal industry who have made an impact in their sectors through new types of strategies or innovative court cases.
Mr. Sedlak focuses his practice on capital intensive transactions with a defined income stream where real estate is the underlying asset. He is the first lawyer to develop precedent-setting, groundbreaking transaction structures that permit universities to monetize non-core real property assets through a Public-Private Partnership (P3) lease and concession structure. He has led more than $4 billion of these transactions since 2012.
As the P3 market expands in the United States, the line between P3 infrastructure and real estate will continue to blur, and Mr. Sedlak is at the forefront of these changes. He has led Jones Day teams representing universities in the following transactions, among others:
- The Ohio State University's $483 million parking and lease concession agreement, the first higher-education long-term monetization P3 in the United States–recognized by Bond Buyer as the Deal of the Year–Non-Traditional Financing Category;
- The Ohio State University's $1.2 billion P3 energy monetization, the first university energy P3–recognized by IJGlobal as the "North American Deal of the Year";
- University of Iowa's $1.2 billion P3 energy monetization–recognized in 2021 by Infrastructure Investor as the "Energy Deal of the Year" and recipient of P3 Awards' "Best Utilities Project of the Year" award;
- Northeastern University's parking P3 monetization, the first private University parking P3–recognized in 2019 by P3 Awards as "Best Education and Higher Education Project";
- University of Idaho's $200 million P3 energy monetization; and
- Georgetown University's P3 energy monetization.
As a result of these transactions, universities have been able to examine their non-core assets and determine whether the capital can be unlocked and redeployed in their core missions. Funds from these transactions have been redeployed to enhance sustainability efforts and invest in core assets.
Original source can be found here.