Krista Patterson is an experienced real estate attorney with a broad practice including financings, acquisitions and dispositions, joint ventures and leasing. She has extensive experience handling multi-million dollar transactions on behalf of a range of clients, such as financial institutions, investors, developers, operators, landlords and tenants. Krista is a member of the firm’s Real Estate + Development Group.
Real Estate Financing
Krista has a background representing REITs, investment banks and other financial institutions including originating and refinancing construction, mortgage and mezzanine loans. She has also represented clients in portfolio leverage, such as securitizations, participations and repurchase facilities. Representative matters include a $550MM loan secured by a portfolio of property in New York City, a $275MM loan secured by a New York City class A office building, and the acquisition of large portfolios of loans, including one valued at $911 million.
Affordable housing financing also makes up a substantial amount of Krista’s practice, including tax credit transactions and other executions. Krista is well versed in the complexities of these types of transaction, including working with governmental issuers and fiscal agents, understanding the regulatory regimes that govern these projects, and integrating unique aspects of affordable housing transactions such as Housing Assistance Program contracts. Representative matters include in a $278MM loan secured by property in California, a $130MM loan secured by a portfolio of property in Illinois and a $24.1MM loan secured by property in Colorado. In addition, Krista represents a firm client in its successful new program securitizing affordable housing loans.
Real Estate Transactions
Krista regularly assists clients with the acquisition and disposition of real property, including commercial, industrial, office, multifamily, mixed-use, hotel and condominium properties. Representative matters include the $284MM acquisition of a mixed-use building in New York City, the $528MM sale of a class A office building in New York City, and the $140MM acquisition of two New York City hotels. In addition, her experience includes representation of a large publicly-traded REIT in the acquisition and financing of over $500 million in multi-family and retail properties in partnership with various operating partners throughout the USA.
Joint venture transactions are also an important aspect of Krista’s practice. She has negotiated joint venture agreements and related documentation for investors and property operators and has extensive experience with the complexities that arise in joint venture transactions. Krista represented one client in repeat joint venture transactions for over 30 multifamily residential and office properties throughout the USA, with an aggregate value of over $900MM.
Krista’s practice includes extensive experience in both landlord and tenant-side leasing. She has experience leasing for a number of uses, including office, retail, restaurant, conference center and bio-science. Representative transactions include landlord-side representation in leasing a well-known mixed use building in New York City and tenant-side representation for several nationwide restaurant chains.
Krista has extensive pro bono experience assisting theaters and other arts institutions in New York City with their real estate needs, including representation of Signature Theater in the acquisition and financing of its three-theater complex in Midtown Manhattan.
Prior to joining Robinson+Cole, Krista practiced real estate law at New York-based law firms and in-house at a large publicly-traded REIT.
Krista is a member of the American Bar Association Real Property Trust and Estate Law division, and she is also a member of the ABA Forum on Affordable Housing and Community Development Law.
She also is actively involved in the Duke University alumni community, including membership on the National Leadership Counsel of Duke Children’s Hospital, as well as participation in Duke Real Estate Partners and the DukeNY Women’s Forum.