Goodwin Procter LLP, a national Am Law 50 firm, has been named North
America's Law Firm of the Year (Fund Formation) by Private Equity Real Estate
magazine (PERE) for the fourth consecutive year. In 2010, the firm's Real Estate
Private Investment Funds Practice advised on more than 35 real estate fund
closings, totaling more than $7 billion in raised capital. PERE is a PEI Media
publication covering the international private equity real estate
community. Its annual Global Awards are the only industry awards voted on
by industry professionals.
PERE highlighted Goodwin's representation of Beacon Capital in its final
closing of a $2.5 billion office property fund and Cornerstone Real Estate
Advisors in the final closing of two vehicles valued at over $1 billion.
In addition, Goodwin advised Brookfield Asset Management in connection with
General Growth Properties' recapitalization, which was recognized as PERE's
Global and North American Deal of the Year. As part of the deal -- the
largest real estate-related Chapter 11 filing in U.S.
history -- Goodwin represented Brookfield in capitalizing its $2.43
billion cornerstone equity investment in GGP. The firm’s role encompassed
numerous complex commercial, tax and securities issues.
"We're pleased to once again be
recognized by PERE as Law Firm of the Year in the fund formation space," said
David Watson, co-chair of Goodwin’s Real Estate Private Investment Funds
Practice. "And knowing that we were selected by industry leaders makes this
acknowledgment even more significant."
Co-chaired by Robert S. Insolia in New York and David W. Watson in Boston,
Goodwin's Real Estate Private Investment Funds Practice is one of the largest
and most established in the United States. Its clients include real estate
investment managers raising and deploying capital, as well as public REITs,
insurance companies and investment banks involved in the real estate investment
management business. The team also works with hedge fund and private equity fund
managers expanding their funds to include real estate as an investment