Kenneth S. Kramer

Experience

ACQUISITIONS & SALES

• Acquisition of 1,200,000 square foot, five building, office park, including construction terms and deferred closing as to final building.
• Acquisition of 160,000 square foot entertainment center and related floating long-term lease of supporting parking in public structure.
• Sale of land for development of 600,000 square foot campus office development.
• Acquisition of 800,000 square foot portfolio of industrial and R&D properties.
• Structure and acquisition of multiple industrial properties as exchange replacement for single office building sale, and related entity formations and modifications.
• Acquisition and partial lease back of 250,000 square foot headquarters office project.
• Purchase of portfolio of more than 100 restaurant properties for operation and rebranding by restaurant company.
• Sale by franchisee of all restaurant locations to franchisor.
• Sale/leaseback of 200,000 square foot industrial property.
• Sale of 28 unit apartment building for conversion to condominium units.

LEASING

• Headquarters facility office lease of approximately 250,000 square feet.
• Lease of 160,000 square feet of office space.
• Lease of two adjacent R&D/office buildings exceeding 200,000 square feet.
• Build-to-suit lease for 400,000 square foot warehouse and distribution facility.
• Lease for 100,000 square foot medical office space facility.
• Pre-development lease for 65,000 square foot medical group as anchor tenant.
• Build to suit lease for R&D facility and related adjacent office lease renewals.
• Leasing program for multiple leases for car wash facilities.
• Negotiate multiple leases for start up restaurant company.

FINANCE & JOINT VENTURE

• Formation of LLC and financing of $40,000,000 mixed use urban project on behalf of equity investor.
• Refinance of 350,000 square foot office project, with provisions permitting development of mixed use expansion element.
• Defeasance of $30,000,000 loan to permit sale of shopping center.
• Tri-party agreement with seller's construction lender to assure buyer's rights to purchase and complete office tower.
• Refinance and defeasance of approximately $19,000,000 in loans for retail property.

WORKOUT & DISTRESS TRANSACTIONS

• Purchase of distressed note secured by office building by investor, and subsequent restructure and discounted payoff.
• Evaluation of loan covenants for borrower to determine extent of concerns as to loan status for more than $200,000,000 real property secured loans.
• Formation of LLC for investor participations in acquisition of note pre-foreclosure for residential development.
• Diligence and structure for potential note purchase for intended foreclosure.
• Representation of investor/lender in $1,600,000 loan amendment and deed-in-lieu transaction for undeveloped land.
• Negotiate multiple loan workout transactions for institutional pension fund lender.

ALTERNATIVE ENERGY (SOLAR & WIND)

• Sale of 2,000-acre property for wind farm development.
• Ground lease of approximately 320 acres for 40 MW solar project in Bakersfield.
• Ground lease of land for wind farm project in Kern County, California.

OTHER

• Ground lease program for single family residential home sales and finance structure.
• Master telecommunications access agreement for office and industrial property portfolio of more than 200 buildings.
• Telecommunications conduit lease and license agreement for 6,000,000 square foot commercial real estate portfolio.
• Cable television access and marketing agreements for multifamily portfolio.

Publications

Speaking Engagements

Community & Professional

Orange County Bar Association