David J. Lowery
Partner
Dallas
Tel: 1.214.969.3710
Fax: 1.214.969.5100
Email:
djlowery@jonesday.com
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David Lowery is co-chair of Jones Day's real estate practice worldwide. He also heads the real estate capital markets practice of the Firm. He has more than 30 years experience in the areas of real estate M&A transactions, CMBS and other real estate financings, real estate partnerships and joint ventures, REITs, acquisitions and dispositions of single projects and large portfolios of real estate, and acquisitions and financings of distressed assets and nonperforming loan portfolios. In addition to extensive U.S. experience, he has been involved in a large number of significant real estate and nonperforming loan transactions in Europe and Asia.
Representative transactions include:
• Morgan Stanley in the acquisition of 11,000 homesites from Lennar Corp. for $525 million
• TriGate Capital, LLC in the acquisition of a 25 percent interest in a sponsor of real estate private equity funds
• Morgan Stanley in the $6.5 billion buyout of Crescent Real Estate Equities Company
• Morgan Stanley, Onex Real Estate, and Sawyer Realty in the $1.5 billion buyout of Town and Country Trust
• CalEast Industrial Investors, LLC in the $3.4 billion buyout of Centerpoint Properties Trust
• Morgan Stanley in forming the investor consortium for the $8.6 billion buyout of Canary Wharf Group plc
• Electronic Data Systems Corporation in the sale-leaseback of 20 properties in the United States and Europe
• Thomas Properties Group, Inc. in its $171 million initial public offering and
• Rockpoint Group in the formation of its initial $1 billion real estate private equity fund.
Other clients for which David has worked on major real estate matters include Behringer Harvard Funds, Westbrook Real Estate Partners, United Dominion Realty Trust, CS First Boston, The Woodlands Operating Company, Mack-Cali Realty Corp., and J.C. Penney Company, Inc.
David is a member of the National Association of Real Estate Investment Trusts. He frequently speaks on topics related to real estate private equity and joint ventures. He was recommended in the 2008 edition of The Legal 500 United States, described by clients as a "massively important figure, able to combine insight and acumen to give sound recommendations."
Admitted
Texas
Education
Southern Methodist University (B.B.A. cum laude 1975; Notes and Comments Editor, Journal of Air Law and Commerce; J.D. 1978)