Debevoise & Plimpton LLP has advised J.P. Morgan Asset Management in the formation of two joint venture lending platforms with affiliates of Stablewood Properties to originate and administer construction loans for the development of “shovel ready” single-tenant, net-lease retail properties in markets across the U.S. In addition, one of the joint venture platforms will have the right to acquire completed properties from each construction loan borrower. Debevoise also assisted with implementing an upper-tier leverage strategy using the loans to be originated by each lending platform as collateral.

Stablewood Properties is a multi-strategy real estate technology company and operator that utilizes proprietary data analytics and machine learning to source real estate investment opportunities for institutional investors.

The Debevoise team was led by real estate partner Edward Rishty and included associate Alexander Djaha, employee benefits and executive compensation partner Franklin Mitchell and counsel Douglas Hirn, and tax partner Michael Bolotin and associate Corey Mavleos.