Guardian Real Estate Services Closes Landmark Affordable Housing Preservation Deal
2 minute read | October.01.2025
Daniel Rothberg
Partner
Los Angeles
Daniel brings institutional discipline and commercial practicality to real estate transactions, translating commercial priorities into practical deal strategy and execution.
Daniel works with a diverse client base – from institutional funds and lenders to first-time investors – guiding them through the full spectrum of real estate and real estate finance matters, including acquisitions and dispositions, development, mortgage and mezzanine financing, preferred equity arrangements, workouts, restructuring transactions, joint venture formations, asset management, and leasing matters. He advises on transactions across all major asset classes nationwide.
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A sample of representative engagements include:
- Representation of an opportunity fund in the ground-up development of four mixed-use residential buildings in Oakland, CA and Berkeley, CA.
- Representation of a family office in the origination of a mezzanine loan and preferred equity investment for the conversion of a Manhattan luxury apartment building into condominiums.
- Representation of a multifamily operator in the portfolio acquisition and preservation of 13 affordable housing complexes in Oregon and New Mexico for a purchase price of approximately $400 million.
- Representation of a university in the development of a $620 million mixed-use project in Sacramento, CA, including the negotiation of long-term ground leases, space leases, parking, and shared areas agreements.
- Representation of tenants in office leases throughout the country, including the representation of several high-growth technology and AI companies in the build-out of their laboratory and manufacturing spaces in California.
- Representation of a fund subsidiary on a long-term ground lease, joint venture, and related mortgage and mezzanine financing to revamp an office and retail project in Washington, D.C.
- Representation of a capital partner in the land acquisition, joint venture, and development of multifamily projects in Cary, NC, and Nashville, TN.
- Representation of a fund subsidiary in a sale/leaseback transaction involving the corporate headquarters of an insurance company located in San Diego, CA.
- Representation of a private equity investor on a workout and recapitalization of nonperforming loans and a preferred equity investment, secured by a condominium development in Manhattan.
- Representation of a fund on the infrastructure development and sale of land and lots in Loudoun County, VA, as part of a multi-tiered sale to a prominent homebuilder.
- Representation of an investment advisor on behalf of a pension fund in the $117 million refinancing of an apartment/boat slip community, which was ground leased from Los Angeles County.
- Representation of an investment fund on the $41 million acquisition of a student housing complex in Austin, TX.
- Representation of a debt fund on the origination of a mortgage loan secured by a multifamily property in Austin, TX.
- Representation of an investment firm on the transfer and redemption of their partnership interests in the owner of a luxury apartment community in Orange County, CA.
- Representation of a foundation and family office in the portfolio sale of 17 apartment communities located throughout the West Coast to several different buyers, for a total transaction size of approximately $4 billion.
- Representation of an investment advisor to a life insurance company on the acquisition of a student housing asset located in Lawrence, KS.
- Representation of an affiliate of a fund in the joint venture and recapitalization of the office portions of a condominium project located in midtown Manhattan.
- Representation of a debt fund in the origination of a $22 million mezzanine loan secured by an apartment complex in Tampa, FL.
