Ari Blaut and Megan Colville Co-author Law360 Article on Borrower-Favorable Trends in REIT Credit Facilities

March 2, 2016

On March 2, Law360 published an article by Mr. Blaut and Ms. Colville titled “Borrower-Favorable Trends in REIT Credit Facilities.” The article discussed how REITs’ recent active borrowing in the syndicated bank loan market has enabled them to achieve more borrower-favorable terms in their credit facilities, including removal of tangible net worth and total asset covenants, the addition of a ratchet on debt ratios following material acquisitions, decreased restrictions on investments and expanded fall-away terms in investment-grade transition. In addition, REIT borrowers have also been able to increasingly include seven year term loans as part of their debt capital structure.