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December 15, 2015
Cadwalader, Wickersham & Taft LLP, a leading law firm to global corporations and financial institutions, represented Wells Fargo, as lender and administrative agent, and Wells Fargo Securities, as sole lead arranger and bookrunner, in connection with Inland Real Estate Corporation’s announced acquisition by real estate funds managed by DRA Advisors LLC. The transaction is valued at approximately $2.3 billion, including the assumption of existing debt. Upon completion of the merger, which is expected to occur in the first half of 2016, Inland will become a privately-held real estate investment trust (REIT).
The Cadwalader team was led by partners James P. Carroll and Holly Marcille Chamberlain, and included associate Christopher J. Dickson.