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Mitchel A. Hill

Partner

Practice Group Leader

New York
Business Phone: 212.704.6276
Business Fax: 212.704.5933

mitchel.hill@troutmansanders.com

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Mitchel focuses his practice on commercial real estate law.

Representative Experience
Sale of NYC Multi-Building Portfolio for $940 million – April 2007 – Mitch was the lead lawyer in charge of this sale and supervised over 40 attorneys and other professionals within the firm.  The project consisted of the sale of 4 separate housing projects in the Harlem area of Manhattan and 1 on Roosevelt Island which all together contained over 4000 apartment units.  The transaction was one of the largest residential portfolio sales in New York City history.

Roosevelt Island Ground Lease Extension – September 2006 – Mitch was the lead attorney representing the ground tenant in its negotiation with the Roosevelt Island Operating Corporation and the Empire State Development Corporation for a 35 year ground lease extension for its existing 1000 unit housing project on Roosevelt Island in NYC.

Refinancing of Large Multi-State Skilled Nursing Home Portfolio for $920 million – June 2006- Mitch was the lead lawyer in charge of the project and supervised more than 40 attorneys in multiple offices throughout the firm and over 20 local counsels in various states. The project involved the refinancing of a securitized mortgage loan and mezzanine loan covering over 190 skilled nursing facilities in over 20 states.

Acquisition of Beverly Enterprises, Inc. for $2.3 billion – March 2006 – Mitch was the lead real estate lawyer in charge of this project and coordinated more than 100 Troutman Sanders attorneys in multiple offices and over 20 local counsels in various states in representing the purchaser of Beverly, a NYSE listed company with a portfolio of more than 350 skilled nursing and related health care facilities.  This all cash merger included the purchase of Beverly’s owned real estate by a property holding company and the $1.3 billion securitized first mortgage financing of such purchase.

Acquisition of NYC Multi-Building Portfolio for $500 million – March 2005 – Mitch was the lead lawyer in charge of this acquisition and supervised over 25 attorneys and other professionals within the firm as well as special outside regulatory counsel.  The project consisted of the acquisition of 5 separate housing projects consisting of over 4000 apartment units, the withdrawal of the projects from New York State’s Mitchell Lama affordable housing program and the $450 million mortgage financing of the acquisition.

Acquisition of Mariner Health Care, Inc. for $1.3 billion - December 2004 - Mitch was the lead real estate lawyer in charge of this acquisition and supervised more than 100 attorneys in multiple offices throughout the firm and over 20 local counsels in various states. The project included the takeover of Mariner, a publicly traded company with a portfolio of more than 280 skilled nursing facilities and long-term acute care hospitals, in an all cash merger; a tender offer for Mariner's bonds; the purchase of Mariner's owned real estate by a property holding company and the $920,000,000 securitized first mortgage financing of such purchase; the $350,000,000 corporate financing of Mariner and other facility operators, regulatory clearances for change of control of the health care licenses, and development of sophisticated bankruptcy-remote "special purpose entity" structures in coordination with the lender's requirements.

Mitchell Lama Withdrawal, Condominium Conversion and Sale of over 800 Sponsor Units – September 2002 -February 2003  Mitch was one of the lead lawyers in charge of this complex transaction and supervised over 20 attorneys and other professionals within the firm as well as outside special regulatory counsel.  This multi-phased project consisted of the withdrawal of a multi-building housing project consisting of over 1200 apartment units located on the upper east side of Manhattan from New York State’s Mitchell Lama affordable housing program and the simultaneous refinancing of the underlying mortgage indebtedness with a $60 million securitized loan, and the subsequent condominium conversion of the project and sale of a majority of the units to the existing residents of the project.  This conversion resulted in one of the largest tenant based insider condominium purchases in New York City history, with close to 70% of the tenants opting to purchase their units for total unit purchases exceeding 800 units.  Mitch set up an entire off-site closing center staffed with a team of lawyers and other professionals to close this historic sale of over $300 million of condominium units in just a 2 ½ week period.

Represents clients in the acquisition and disposition of various types of real property, including office buildings, mixed-use apartment buildings, industrial properties, auto dealerships, gas stations, net-leased properties, raw land and restaurants

Handles development of properties for both commercial and residential uses

Experienced in commercial leasing transactions (representing both landlords and tenants) involving office, retail and industrial properties, as well as long term development oriented ground leases

Experienced in licensing transactions involving billboards and other advertising signage arrangements (representing both landowners and sign companies)

Represents both lenders and borrowers in real estate financings and refinancings

Provides real estate expertise in corporate sales, acquisitions and mergers

Work Experience
Partner, Troutman Sanders LLP, 2005-present

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Education

  • University of North Carolina, J.D., with honors, 1993
  • University of North Carolina, B.S., 1990


Bar Admissions

  • New York