Jackson Walker successfully represented an affiliate of its client, Virtus Real Estate Capital, in the formation of a programmatic joint venture with a multi-national real estate operator to develop a new brand of senior living facilities. The joint venture’s initial project is currently under development in Orem, Utah.

Jackson Walker assisted Virtus in negotiations with its joint venture operating partner, affiliated development and property management entities and lenders under the initial project’s construction loan facility.

Virtus is a real estate private equity sponsor based in Austin, Texas. Since its founding in 2003, Virtus has launched 35 investment funds and partnerships that have invested in over 145 commercial properties with a combined acquisition value of over $2.2 billion.

Led by Cale McDowell, the Jackson Walker team included tax partner Nate Smithson, real estate partner Chad Smith, corporate partner Brandon Janes and paralegal Kati Stephens, among others. Jackson Walker attorneys have the skill and experience to provide uniquely tailored and highly responsive representation in a wide variety of complex corporate and real estate transactions.

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