Kent R.Richey

Of Counsel

New York + 1.212.326.3481

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Kent Richey has more than 30 years' experience in real estate investments, ventures, and private equity funds, including forming one of the first India funds and several Mexico funds. Kent represented the founding principals in the formation of Brightstone Capital Partners, a real estate investment manager, alongside Vanke USA, the U.S. affiliate of China's largest public real estate development company.

Kent's clients include CBRE Global Investment Partners, Credit Suisse Asset Management, and Brightstone Capital Partners. Following the formation of Brightstone Capital Partners, Kent has gone on to represent Brightstone in its property acquisitions, including its purchase and subsequent disposition of the Lantana Media Complex, in Santa Monica, California.

Prior to joining Jones Day in 2004, Kent acted as general counsel to the Peabody Funds, private real estate funds jointly sponsored by O'Connor Capital Partners and JPMorgan Chase, and as general counsel to Allegro Resorts, an owner/operator of all-inclusive resort hotels controlled by Westbrook Real Estate Partners.

Expérience

  • Henderson Park acquires D.C. Mandarin OrientalJones Day represented Henderson Park Capital Partners in its joint venture with Salamander Hospitality, LLC and the joint venture's $139 million acquisition and financing of the D.C. Mandarin Oriental, a 373-room luxury hotel located in the Southwest waterfront area of Washington D.C. 
  • Capital Security Advisors forms joint venture to acquire The Shaw in District of ColumbiaJones Day advised Capital Security Advisors LLC in its formation of a joint venture with Shimizu Realty Development Inc. to acquire the newly-built The Shaw in the District of Columbia for $49 million, an approximately 100,000 SF condominium building located at 618 T Street, which includes 69 new residential units, more than 7,000 SF of retail space, and two below-grade garage levels.
  • Affiliate of Blackstone Group acquires dual-brand, 254-room Marriott hotel complex in Orlando, FloridaJones Day advised an affiliate of The Blackstone Group in connection with the acquisition of a dual-brand, 254-room Marriott hotel complex in Orlando, Florida.
  • GLL Real Estate Partners acquires ground leasehold interest in office building located at 589 Fifth Avenue in New York, New YorkJones Day advised GLL Real Estate Partners Inc. in connection with the acquisition of a ground leasehold interest in and financing of a mixed-use retail and office building located at 589 Fifth Avenue in New York, New York.
  • Red Stone and its affiliates sell its business to Ready Capital CorporationJones Day represented Red Stone and its affiliates in the sale of its business to Ready Capital Corporation.
  • Brightstone Capital Partners forms joint venture with Artisan Realty Advisors to acquire Lantana Media Campus in Santa Monica, CaliforniaJones Day advised Brightstone Capital Partners, a global real estate investment management platform, in its formation of a joint venture with Artisan Realty Advisors, to acquire the Lantana Media Campus in Santa Monica, California, a four-building office campus totaling 478,713 square feet on approximately 12 acres.
  • CBRE forms Realterm Airport Logistics Properties and acquires portfolio of more than 120 air cargo logistics propertiesJones Day represented CBRE Global Investment Partners in the formation with Realterm, a global real estate operator, of Realterm Airport Logistics Properties, LP, and initially acquired a $900 million portfolio of over 120 air cargo logistics properties located across 30 gateway and key secondary airports in the United States and Canada.
  • Credit Suisse acquires commercial property in Glendale, CaliforniaJones Day advised Credit Suisse Asset Management Immobilien in its acquisition of a commercial property in Glendale, California.
  • Leading multifamily lender forms joint venture with large institutional alternative asset managers to invest in tax-exempt bondsJones Day assisted a leading multifamily lender to form a joint venture with one of the largest institutional alternative asset managers in the world to invest in tax-exempt bonds.
  • CBRE Global Investment Partners negotiates investment venture with affiliate of The JBG CompaniesJones Day advised CBRE Global Investment Partners in connection with its clients' investments in JBG Core Venture I, L.P., an investment venture formed and managed by an affiliate of The JBG Companies to invest in retail, multifamily and/or office properties located within the Washington, D.C. Metropolitan Statistical Area.
  • IL&FS forms $870 million private equity fund to invest in India real estate assetsJones Day represented Infrastructure Leasing & Financial Services Limited in the formation of IL&FS India Realty Fund II LLC, a $870 million private equity fund formed to invest in real estate assets in India.
  • GreenOak forms U.S. real estate private equity fundJones Day represented GreenOak Real Estate in the formation of a U.S. real estate private equity fund.
  • GLL Real Estate Partners acquires street level retail condominium in newly-constructed high rise building on 140 E. 42nd Street in New York CityJones Day represented GLL Real Estate Partners Inc. in connection with its $80 million acquisition of a 17,000-square-foot street level retail condominium in the base of the newly-constructed Hilton Garden Inn at 140 W. 42nd St., New York City, at the end of Times Square.
  • Rockwood Capital joint venture sells 530 Fifth Avenue, ManhattanJones Day represented Rockwood Capital Real Estate Partners, L.P., in a joint venture with Jamestown Properties, Crown Acquisitions, and Murray Hill Properties, in connection with its $595 million sale of 530 Fifth Avenue, Manhattan, New York, to a consortium of investors led by Thor Equities, LLC.
  • Contrarian Capital Management forms joint venture to purchase Fountain Square office buildings in Boca Raton, FloridaJones Day advised Contrarian Distressed Real Estate Debt Fund II, LP, a fund formed by Contrarian Capital Management, L.L.C., in the formation of a joint venture to acquire Fountain Square, a trio of office buildings located in Boca Raton, Florida, for $37 million, and in connection with the related mortgage financing.
  • Rockwood Capital acquires Brooklyn development site in joint venture with Second Development ServicesJones Day represented Rockwood Capital Real Estate Partners, L.P., in its joint venture with Second Development Services to acquire a development site located at 88 Schermerhorn Street in Brooklyn, New York, together with additional development rights, for the development of a 27-unit luxury condominium tower.
  • GLL Real Estate Partners acquires retail and parking garage units of landmarked New York City condo buildingJones Day represented GLL Real Estate Partners Inc. in the approx. $110 million acquisition of the retail and parking garage units of a landmarked New York City condominium building located at 200 East 66th Street.
  • Twin River Worldwide Holdings acquires Hard Rock Hotel & Casino in Biloxi, Mississippi for $250 millionJones Day advised Twin River Worldwide Holdings, Inc. in connection with the $250 million acquisition and related financing of the Hard Rock Hotel & Casino in Biloxi, Mississippi.
  • Credit Suisse acts on behalf of private client in acquisition of 400 Atlantic Avenue in BostonJones Day represented Credit Suisse, on behalf of a private client, in the approx. $50 million acquisition of the 400 Atlantic Avenue building in Boston, Massachusetts.
  • Ivanhoe Cambridge sells 11-building office campus in Dallas, TexasJones Day represented Ivanhoe Cambridge in the sale of an 11-building, 817,000-square-foot office campus in Dallas, Texas, to Boxer Property.
  • Credit Suisse fund acquires Adam Grant building at 114 Sansome Street in San Francisco for approx. $102 millionJones Day advised a fund managed by Credit Suisse Group in the approx. $102 million acquisition of the Adam Grant building at 114 Sansome Street, San Francisco, California.
  • Continuum Company acquires Harlem development siteJones Day represented The Continuum Company, LLC, in connection with the acquisition of Harlem Park, a parcel of land located at Park Avenue and 125th Street in Manhattan, from Vornado Realty Trust, for the development of a mixed-use property.
  • Knighthead Capital forms Knighthead Special Situations Real Estate FundJones Day represented Knighthead Capital Management, LLC in forming Knighthead Special Situations Real Estate Fund, L.P., a real estate fund to originate short-term US real estate secured loans.
  • Centuria arranges equity capital for acquisition and development of Discovery at Marigot Bay, St. LuciaJones Day represented Centuria Real Estate Asset Management in arranging equity capital for the acquisition and development of the 124-room Discovery at Marigot Bay resort, located in St. Lucia, and in connection with the related debt financing.
  • Contrarian Capital Management and owner of Ames Boston Hotel negotiate Management AgreementJones Day advised Contrarian Distressed Real Estate Debt Fund II, LP, a fund formed by Contrarian Capital Management, LLC, and the owner of the Ames Boston Hotel in the negotiation of a Hotel Management Agreement with StepStone Hospitality.
    •

    April 2020 Commentary

    Use of Hotels and Other Real Estate Facilities for COVID-19 Response

    January 2013 Alert

    U.S. Regulatory Action Items For Investment Advisers (2013)

    February 2012 Commentary

    Exempt Reporting Advisers: Requirements for Investment Advisers that Qualify as Venture Capital Advisers or Private Fund Advisers

    November 2011 Commentary

    SEC Adopts New Risk Reporting Requirements for Certain Registered Investment Advisers to Private Funds (Form PF)

    • June 2009
      Stepping into the Capital Breach: Buying Busted Mezz Loans, moderator, US Real Estate Opportunity & Private Fund Investing Forum
    • June 3, 2008
      Around the World in 90 Minutes: India, Japan and China Fund Structuring, National Association of Real Estate Investment Managers (NAREIM) Senior Legal Officer Discussion Forum
    • May 2008
      Fund Level Financings: Gauging the Impact that the Credit Crunch has had on Subscription Facilities, IMN Ninth Annual US Real Estate Opportunity & Private Fund Investing Forum
    • May 2007
      Regional Focus: Latin America-Mexico, Brazil, South America, moderator, IMN US Real Estate Opportunity & Private Fund Investing Forum
    • February 2007
      Everything You Need to Know in Order to Invest in the International Real Estate Markets with Success, panelist, 3ieme Forum Quebecois, L'Immobilier Commercial
    • June 2006
      Overview of Emerging Market Opportunities, moderator, IMN US Real Estate Opportunity & Real Estate Private Fund Investing Forum
    • November 13-14, 2005
      Real Estate as a Global Asset Class
    • July 2005
      Structuring Transactions to Avoid Regulatory and Legal Issues, moderator, Non-Core Real Estate Funds Forum
    • June 1-2, 2005
      Fund structuring 101: What legal, tax and accounting issues do you need to know when starting a fund? Discussing the practical issues involved in creating a new fund, The Sixth Annual U.S. Real Estate Opportunity & Private Fund Investing Forum, Information Management Network
    • June 2004
      Fund Structuring - What Issues are Involved in Creating a New Fund? panelist, Waterfall and Clawback Provisions, speaker,  IMN Real Estate Opportunity and Private Equity Fund Conference

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