NORBERT M. SEIFERT
Mr. Seifert graduated with honors from the University of Pennsylvania, Wharton School in 1977 and from the NYU School of Law in 1980. While in law school, he was an editor of the Annual Survey of American Law and authored an article, published in the 1979 edition of that publication, on whether ex parte sales under commercial liens constitutes state action.
For the past 35+ years, Mr. Seifert has been engaged in various aspects of real estate transactional law practice, including real estate acquisition and disposition, real estate finance (representing senior and subordinate lenders, originators of convertible debt and borrowers), loan defeasance and refinancing, loan restructuring, foreclosure/work-out and related matters, commercial leasing, entity formation and capitalization (including pre-formation structuring), and capital markets transactions (debt, equity and hybrid).
Mr. Seifert's clients have included institutional lenders and advisors (including banks and finance companies, investment banks and investment funds) and property developers and owners, including developers of large retail, flagged hospitality and multifamily residential properties, such as CIBC, Column Financial/CS First Boston, Calyon (France), Transwestern and Rothbart Development Corp. and their affiliates. He has negotiated and completed leases and pad sales on behalf of shopping center owners with various national and regional chain tenants, including Starbucks, Payless Shoesource, Wells Fargo, Bank of America, Citibank, Office Depot, Petsmart, Nordstrom, Barnes & Noble, Hallmark, Chevron, In-N-Out, Walgreens, Ross Stores and California Pizza Kitchens, among others. He also has represented The CIM Group, George Smith Partners, Inc., Tutelian Development Partners, Haseko Corporation, Accord Interests and others in projects including the purchase of a 30+ property office portfolio for over $1.4 billion, the refinancing and subsequent sale of a Marriott Residence Inn Hotel near Beverly Hills, the financing (including providing a California enforceability legal opinion) of a 60+ story office tower in Downtown Los Angeles, the structured $1.5 billion financing of an office portfolio (including a mortgage loan and simultaneous multiple tiers of mezzanine loans), two separate refinancings of a large retail shopping center in Bakersfield, CA anchored by Wal-Mart, Michaels, Ross, Target and Home Depot stores, bulk sales of multifamily mortgage loans by an originator for bulk-up in anticipation of securitization, originations and documentation of forward commitments in support of construction loans for affordable housing projects, documentation and collateralization of deferred fee arrangements, sales of Century City office buildings, sales of retail shopping centers and developed parcels within retail shopping centers, and a wide variety of other transactions. Mr. Seifert worked for three years as Senior VP, Corporate Secretary and General Counsel of a real estate investment trust that he helped form and take public in a 1997 $500+ million IPO (former symbol: ICMI). While at ICMI, he was one of four members of its Executive Investment Committee, which was responsible for making all of ICMI’s investment decisions. He also negotiated and documented various credit facilities ($800 million in two warehouse facilities, a $25 million repo facility and numerous term loans), managed all outside counsel, all day-to-day legal affairs (including employment, consultant, executive compensation, retention and severance, corporate facilities, operations and compliance issues), and managed the legal aspects of a successful stock-for-cash merger of ICMI into another public company. Before working at ICMI, Mr. Seifert was a partner in the real estate departments of the Los Angeles offices of Sonnenschein Nath & Rosenthal (now Dentons, LLP) and Mayer, Brown & Platt (now Mayer Brown, LLP), and before that he worked for several years as an associate attorney at Milbank, Tweed, Hadley & McCloy in New York City.
Mr. Seifert has lectured on real estate securitization and other topics to real estate finance classes at UCLA's Anderson School of Business and UCLA Extension (both introductory and advanced classes), and on jurisdictional issues for a program on REIT’s presented by the American Bar Association's Business Law Section entitled Battle of the Boundaries: MD v. DE v. VA.
Mr. Seifert is licensed to practice law in both California and New York. He practices law in the Firm's West Los Angeles office.