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Jason Vismantas

Partner
About

Jason Vismantas guides a wide variety of clients through all aspects of real estate acquisitions and dispositions, joint ventures, preferred equity arrangements, construction, development, leasing, and financing initiatives. His experience spans all types of real estate, including retail, office, multifamily, senior living, student housing, industrial, and hospitality.

Jason works with both institutional and non-institutional real estate private equity groups, publicly traded and non-publicly traded real estate investment trusts (REITS), financing companies, fund managers, sponsors, and developers across the country to achieve their most ambitious goals. Instead of taking a singular approach to problem solving, Jason views each transaction in the context of his client's broader investment objectives and financing strategy, formulating constructive solutions to mitigate and/or eliminate identified risks.

Jason believes in delivering comprehensive advisory services with efficiency and personalization. Jason approaches each transaction with a focus on exceeding client expectations through consistent communication.

He has successfully advised on, negotiated, and closed billions of dollars of acquisitions, dispositions, joint ventures, preferred equity arrangements, leasing (including sale-leasebacks) agreements, and development and financing arrangements.

Additionally, he represents both lenders and borrowers in real estate financing transactions, including senior, mezzanine, construction, permanent, portfolio financings, fund financings, and lines of credit.

Jason advises on distressed assets and financings that range from workouts and loan modifications to forbearance agreements and deeds-in-lieu of foreclosure.

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"Jason is an excellent and well-rounded lawyer for complex transactions." "His commitment to an excellent work product and leadership has been instrumental to our success."
— Chambers USA, 2023
Described by a client as "a star; dedicated, committed and passionate."
— Chambers USA, 2022

EXPERIENCE

  • Represented the seller of a hotel in West Hollywood, California, in a transaction valued at US$274 million, a record per-key sale at the time
  • Represented a large, East Coast private equity company in the acquisition and financing of a US$74 million industrial property in the Goose Island neighborhood of Chicago involving a sale-leaseback
  • Represented the buyer in the acquisition and programmatic leaseback of an approximately US$400 million portfolio of vehicle reconditioning centers with a publicly traded vehicle technology company
  • Represented a middle-market, Midwest-based, private equity company in the acquisition, financing, joint venture, and ultimate sale of an East Coast senior housing portfolio for approximately US$100 million
  • Represented an institutional capital source in the sale of approximately US$2 billion of commercial real estate loans in two separate transactions to a large, publicly traded banking institution and debt fund
  • Represented a premier, institutional real estate private equity company in the sale of an approximately US$150 million full-service and select-service hotel portfolio to various buyers
  • Represented the sponsor with recapitalizing a more than US$100 million student housing development project in Seattle via a joint venture co-invest vehicle
  • Represented a large, real estate private equity company based in Southern California in the acquisition and financing of two portfolios of workforce multifamily projects across the Southwest with a total capitalization of approximately US$120 million
  • Represented a large fund in a subscription credit line financing obtained from a large, West Coast-based banking institution that was collateralized with fund capital contributions and capital commitments
  • Represented the borrower in a unique US$150 million mortgage financing credit facility obtained from Freddie Mac secured by a portfolio of multifamily projects across the Southwest and Southeast
  • Represented the developer and sponsor of a US$110 million student housing development in Atlanta, which included financing from institutional majority equity and construction loan financing from a large banking institution
  • Represented the developer and sponsor of a US$120 million student housing development in Gainesville, Florida, which included financing from institutional majority equity and senior and mezzanine construction loan financing from a large banking institution and debt fund
  • Represented the developer and sponsor of a US$115 million student housing development in Austin which included financing from institutional majority equity and construction loan financing from an institutional investment advisor's separate account
  • Represented the developer and sponsor of a US$120 million multifamily and opportunity zone development in Phoenix which included financing from institutional majority equity and construction loan financing from a large banking institution
  • Represented a large, real estate private equity company in the restructuring of both its debt and equity in a nationwide office portfolio, which required common equity repositioning, preferred equity and the refinancing of mortgage debt with an institutional banking organization, with a total capitalization of US$300 million
Education
  • J.D., University of California, Los Angeles, School of Law

  • B.A., The University of Chicago

AWARDS AND RECOGNITION

Chambers USA

  • Band 4, Illinois Real Estate (2021 – 2023)
Additional Recognitions
  • Ones to Watch, Best Lawyers in America, 2024
  • Recommended, Real Estate Law, Best Lawyers in America, 2024

Seminars

  • Moderator, "The Start of a Retail Renaissance?," 20th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing, January 17-19, 2024
  • Moderator, "What's in Store for Retail?," 19th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing, January 18-20, 2023

Civic and Charitable

Jason, and his wife Lindsey, are avid supporters of Lurie Children's Hospital in Chicago, as both members of the Lurie Innovators program since 2020 and annual sponsors of the Lurie Children's Ball.

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