We advised Square Mile Capital on the acquisition and related financing

Davis Polk advised Square Mile Capital in connection with its acquisition, together with an affiliate of Hackman Capital Partners as its joint venture partner, of the studio property commonly referred to as “Raleigh Studios” in Los Angeles, California, from Raleigh Enterprises for a purchase price of $154 million. We also advised Square Mile Capital in connection with $90 million in acquisition financing provided to the joint venture by Bank of the West. 

Square Mile Capital is an integrated institutional real estate finance and investment management firm based in New York. Square Mile Capital has an investment program that includes first mortgages, mezzanine loans, preferred equity and joint venture equity, and is an integral part of the broader USAA Real Estate Platform.

The Davis Polk real estate team included partner Michael J. Rishty and associates Rachel M. Feldstein and David Beizer. Partners Po Sit and Ethan R. Goldman provided tax advice. All members of the Davis Polk team are based in the New York office.

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