Simpson Thacher advised Madison International Realty (“Madison”) on the creation of a $300 million initiative with Warburg Pincus (“Warburg”) that aims to use “liquidity solutions” to invest in discounted residential, industrial, cold storage and data center properties, among others. The partnership plans to target properties that Madison and Warburg believe to be attractive discounts to underwritten real estate value.
The Simpson Thacher team included Jonathan Karen, Steven Klar, Sage Hughes, Nicole Papsco, Max Tawil, Michael Regard and Deniz Demirci (Funds); Marcy Geller, Caroline Phillips and Jiha Min (Tax); and Jeanne Annarumma (ERISA).