A. Michelle (Shelli) Willis

Partner

Atlanta
Business Phone: 404.885.3440
Business Fax: 404.962.6722

shelli.willis@troutmansanders.com

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Shelli has extensive experience in representing commercial lending institutions, including major regional and national banking institutions and life insurance companies, in the financing and management of commercial real estate, including construction, term, mezzanine and revolving loan facilities, loan syndications and participations, loan workouts, restructurings and refinancings, debtor-in-possession financing, foreclosures, and the leasing, management and sale of properties acquired through foreclosure. She also has experience in representing developers, purchasers, joint venture partners and associations in the acquisition, financing, development and sale of real property; in representing both landlords and tenants in office and retail leasing; and in assisting clients in the preparation of all variety of commercial real estate contracts and forms with the goal of reducing long-term transaction costs.

Representative Experience
Regular counsel to various national lenders, including banking organizations and life insurance companies, in connection with consummation and administration of real estate construction, term mezzanine and revolving loans, secured by properties located throughout the Southeast and other areas of the country, such as the following:

Counsel to national bank, as agent for itself and other lenders, in regard to syndicated construction financing in the aggregate amount of approximately $147 million secured by a multi-use facility located within air rights over a former brownfield site in Metro Atlanta.

Counsel to national bank, as agent for itself and other lenders, in regard to syndicated construction financing of high-rise multi-family rental properties with option for submission to condominium.

Counsel to national bank, as agent for itself and other lenders, in regard to syndicated revolving and term loan facilities for a REIT secured by office properties in numerous jurisdictions.

Regular counsel to national bank in the consummation of construction loans secured by properties located throughout the country, including industrial, office, retail, hotel, multi-family and congregate care living facility properties.

Counsel to mezzanine lender in construction loans secured by properties located throughout the Southeast.

Counsel to lender in the leasing, management, and sale (through individual and auction sales) of foreclosed real property and the preparation of form sales contracts and documentation for auction sales of foreclosed residential and commercial real property.

Counsel to purchaser in the joint venturing, acquisition, financing and management operations of numerous high-rise, mid-rise and suburban office facilities, including preparation of form leases and ongoing leasing representation of landlord. Counsel to purchaser in the joint venturing, acquisition, financing and development of a mid-rise office building in midtown Atlanta.

Counsel to Privatization Commission in connection with privatization through sale and lease of several public recreational facilities.

Counsel to lessee in connection with a concession lease at the Atlanta/Hartsfield International Airport and related subleases.

Presentations and Speaking Engagements
Law Seminars International, "When the Borrower defaults ...", Workouts and Remedies in Real Estate: Best Course of Action in Today's Complex Real Estate Transactions, September 2008

Lorman, Letters of Intent and Purchase Contracts, June 2007

RPLS Annual Institute, Legal Opinions, May 2007

NBI, Leases in Financing Transactions, October 2006 and October 2007

GSCPA Seminar, Urban Revitalization and Mixed Use Development in Atlanta, Spring 2006

PLIC Legal Conference, Environmental Issues in Financing Transactions, Fall 2005

Other Distinctions
Ranked 3 - Real Estate Georgia in 2010 edition of Chambers USA

Selected for inclusion in the May/June 2010 Law & Politics’ Super Lawyers, Corporate Counsel Edition.

Shelli has achieved Martindale-Hubbell's highest rating for legal ability and ethical standards.

Selected as a Super Lawyer by Law & Politics and Atlanta Magazine for Real Estate excellence (2007-2010).

Recognized as one of America's Leading Lawyers for Real Estate Law by Chambers USA (2006-2010).

Work Experience
Partner, Troutman Sanders LLP, 1997-present
     Member, Associate Review Committee, Women's Forum Committee
     Past Chairperson, Library Committee
Associate, Troutman Sanders LLP, 1990-1996
Adjunct Professor of Research, Writing and Advocacy, Emory University 
     School of  Law, August 1993 - May 1995
Law Clerk for The Late Honorable J. Daniel Mahoney, U.S. Court of Appeals, Second     
     Circuit, Milford, Connecticut, 1989-1990

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Education

  • Emory University, J.D., with distinction, 1989
    order of the coif

    Emory Law Journal: Executive Notes and Comments Editor – Publication; 37 Emory L.J. 995


  • Duke University, A.B., cum laude, 1986


Bar Admissions

  • Georgia
  • North Carolina


Memberships

  • State Bar of Georgia, Real Property Law Section (Chair) (Member, Executive Committee, Intangible Tax Committee and Opinion Committee)
  • Georgia Association of Women Lawyers (Member)
  • Urban Land Institute - Atlanta (Member, Executive Committee and Chair, Awards Committee
  • Commercial Real Estate Women (Member, Leadership Committee; 2004 Leadership CREW Graduate; Member, Programs Committee for 2006 NNCREW Convention)
  • Truancy Intervention Project (Georgia), Inc. (Board Member)
  • Georgia Council on Economic Education (Member, Executive Committee)