David A. Rosenberg, P.C.
Overview
David Rosenberg is a partner in the Real Estate Group in the Chicago office of Kirkland & Ellis LLP. He has extensive experience advising clients in commercial real estate transactions, including acquisitions and dispositions, sale-leasebacks, joint ventures and all types of real estate-based debt financings. He counsels private equity firms, public companies, public and private REITs and operators involving all asset classes, in particular including industrial, net lease, data centers, multi-family, office, retail and self-storage.
David was recognized in the 2021–2024 editions of Chambers USA with clients noting he “is a pleasure to work with, has great anticipatory instincts and is very thorough,” “he is a great technical lawyer and knows how to get deals done” and “he is smart, dedicated, hard-working and very pragmatic.” He was also selected by Law360 as a “Rising Star” for 2015 in its list of top attorneys under 40 and a Real Estate “MVP” for 2023 in its list of “MVPs of the Year.” David was recognized in the 2024 edition of The Legal 500 United States for Real Estate Investment Trusts (REITs).
Experience
Representative Matters
Blue Owl in $3.4 billion joint venture with Crusoe Energy Systems LLC for the development of a 200 MW AI data center located in Texas and long-term leased to a Fortune 100 hyperscale tenant.
Blue Owl in $711 million joint venture for development of a 60 MW AI/HPC data center located in Northern Virginia, leased to CoreWeave Inc.
KKR in $377 million acquisition of a portfolio of industrial properties, structured in part as a REIT share purchase.
CyrusOne in $687 million CMBS loan for a data center located in Texas.
Buyer in acquisition of a controlling interest in $1.2 billion portfolio of net-leased hospitals located in Utah and $770 million financing.
Developer in $334 million recapitalization of a portfolio of student housing assets.
Buyer in $224 million sale-leaseback of portfolio of life science and agricultural facilities.
Blue Owl in $192 million sale-leaseback with Western Digital and financing of a semiconductor manufacturing facility located near San Jose, California.
CyrusOne in a $701 million asset-backed securitization of a portfolio of data centers located in Virginia and Texas.
Blue Owl in $15 billion acquisition together with GIC of STORE Capital Corporation (NYSE: STOR).
Blue Owl in acquisition and ground lease to Bally’s Corporation of the Chicago Tribune’s Freedom Center printing plant located in Chicago, where Bally’s plans to construct and operate a flagship casino, hotel and entertainment complex.
KKR and Consortium in $15 billion acquisition of CyrusOne Inc. (NASDAQ: CONE), including two committed, secured real estate financings totaling $9 billion.
Borrower in $425 million CMBS financing of office, retail and industrial portfolio.
Buyer in $680 million sale-leaseback of industrial property portfolio throughout the U.S. and Europe.
JLL Income Property Trust in $158 million OP unit transaction involving the acquisition of an industrial park.
Buyer in $434 million sale-leaseback, joint venture and financing of portfolio of shipyard properties.
Buyer in programmatic acquisition and leaseback arrangements with multiple retailers for gas station and c-store store properties in excess of $2.0 billion in the aggregate.
Developer in a platform development joint venture expected to acquire and develop in excess of $1.5 billion of single-family rental projects.
JLL Income Property Trust in $70 million OP unit transaction involving the acquisition of an apartment community located in Georgia.
KKR in $2.2 billion sale of 149-property industrial portfolio.
Developer in a three-party platform development joint venture expected to acquire and develop in excess of $2.5 billion of student housing projects.
U.S. private equity firm in a multi-party platform joint venture expected to acquire in excess of $1.5 billion of net lease real estate.
Buyer in $835 million acquisition and CMBS financing of 100-property industrial portfolio.
Buyer in $1.1 billion sale-leaseback with retailer, and CMBS financing, of portfolio of 74 supermarket and shopping center properties located in California and Nevada.
Buyer in $1.2 billion financing of 21 industrial assets located throughout the U.S.
Buyer in $203 million sale-leaseback with hospital system for 24 medical office buildings and other healthcare facilities located in Pennsylvania.
Buyer in $355 million sale-leaseback with restaurant chain for 126 restaurant properties.
Buyer in $725 million sale-leaseback with retailer for distribution centers.
Buyer in refinancing of industrial property portfolio, including $894 million in new debt, consisting of $690 million CMBS loan and $204 million debt facility.
Buyer in $267 million sale-leaseback with retailer for its corporate headquarters, a distribution center and 13 retail properties.
Buyer in CAN$321 million acquisition of 30 retail properties and distribution centers located in Canada.
Capital partner in $258 million acquisition, joint venture, financing and subsequent sale of eight-building office park located in Texas.
Buyer in CAN$354 million acquisition of a majority interest in 46 retail properties and distribution centers located in Canada.
Capital partner in $205 million acquisition, joint venture and financing of office tower located in Georgia.
Developer in $472 million joint venture for development and recapitalization of seven student housing and mixed-use properties located in six states.
Borrower in two separate $250 million master credit facilities for acquisitions of industrial properties and multi-family properties.
Buyer in $355 million acquisition of manufactured home communities platform consisting of 102 properties, including GSE mortgage financing and revolving credit facility.
Seller in $1.3 billion sale of 100 retail, office and industrial assets located in 20 states.
Caesars Entertainment Operating Company Inc. in real estate matters related to its Chapter 11 restructuring, including the spin-out and leaseback of CEOC’s approx. $8.5 billion of real estate assets to VICI Properties Inc. and $2.2 billion CMBS and mezzanine financing of Caesars Palace Las Vegas.
Buyer in $1.5 billion acquisition of 25 life science assets owned by Wexford Science & Technology, LLC.
Buyer in $5.3 billion acquisition of 72 apartment properties.
Buyer in $1.1 billion acquisition of 61 office properties.
Equity Group Investments in cooperation with activist investors to replace the board of directors of Commonwealth REIT (n/k/a Equity Commonwealth), and Equity Commonwealth in its property management agreement with CBRE for approximately 150 office properties with over 40 million square feet of space.
Private hotel company in internal restructuring and $730 million financing of 30 hotels.
Public REIT in $102 million OP unit transaction involving the acquisition of 3 manufactured home communities.
MSR Resorts in $150 million sale of Doral Golf Resort & Spa in connection with Chapter 11 reorganization.
Capital partner in $122 million acquisition, joint venture and financing of 10 multi-family properties.
More
Thought Leadership
Press Mentions
Quoted, “Self Storage, An Industry Darling, Steps Strongly Into 2023,” Law360, February 7, 2023.
Recognition
Recognized as one of “500 Leading Global Real Estate Lawyers” by Lawdragon, 2024
Recognized in The Legal 500 United States for Real Estate Investment Trusts (REITs), 2024
Recognized in Connect CRE’s "Lawyers in Real Estate Awards” list in the “National” category, 2023
Recognized as "MVP of the Year: Real Estate" by Law360, 2023
Recognized in Chambers USA, America's Leading Lawyers for Business, 2021–2024
Recognized as a “Rising Star” by Law360, 2015
Credentials
Admissions & Qualifications
- 2005Illinois
Education
- Northwestern Pritzker School of LawJ.D.magna cum laude2005
- Emory UniversityB.B.A.2002