|Mayer Brown's Dave Malinger, an attorney who's worked on some big REIT M&As (think ProLogis/AMB merger), has gone global again. Dave repped Australian Charter Hall Office REIT
in the disposition of $1.71B in assets (a 14-building portfolio) in the
US last month. Australian REITs can be challenging, he says, because
they aren't managed by REIT employees but by outside management companies.
In Charter Hall's case, a group of hedge funds that had invested in the
REIT were also trying to change management when the portfolio was
bought by US firm Beacon Capital. So it was moot.|