ProfessionalsIda Nowaid
Tel: +1-310-982-4353
Fax: +1-310-943-2714
inowaid@paulweiss.com
inowaid@paulweiss.com
2029 Century Park East, Suite 2000
Los Angeles,
California
90067-3006
Fax: +1-310-943-2714
A counsel in the Real Estate Department, Ida Nowaid represents a diverse set of clients in a broad range of real estate transactions. She advises private equity firms, public companies, sovereign wealth funds, pension funds, REITs, institutional investors, lenders, high-net-worth individuals and family offices in all aspects of transactional real estate across all commercial real estate asset classes, including office, retail, multifamily, student housing, hospitality, data center, industrial and energy and infrastructure.
She regularly advises private equity sponsors, managers and investors in structuring and negotiating partnerships, co-investments and other joint ventures for all types of commercial real estate investments. She also represents borrowers and lenders in a broad range of real estate finance transactions, including securitized financings, mortgage and mezzanine loans, note-on-note financings, preferred equity investments, ground lease transactions, recapitalizations, debt restructurings and workouts. Ida also handles acquisitions and dispositions of properties across all asset classes, ranging from large portfolio deals to significant single-asset transactions. In addition, Ida has experience representing clients in transactions involving data centers, wind and solar projects and other energy and infrastructure assets.
In 2023, Ida was recognized by the Los Angeles Business Journal in its Leaders of Influence: Minority Attorneys feature as “an emerging leader and talent” who “leads large, complex and sophisticated transactions” and “has a reputation for her leadership, pragmatism and legal advice” and ability to develop “creative solutions to complex and thorny issues.”
EXPERIENCE
Prior to joining Paul, Weiss, Ida’s recent experience included the representations of:
- Apartment Investment and Management Company in its reverse spin-off of a $10.4 billion portfolio of multifamily communities into Apartment Income REIT Corp.
- Brookfield Asset Management in its $11.4 billion acquisition of Forest City Realty Trust, which consisted of a diverse portfolio of office, life sciences, retail and multifamily properties
- Ivanhoe Cambridge, Inc. in its acquisition, for more than $3 billion, of IDI Logistics, LLC from Brookfield Asset Management Inc., which involved multiple lender negotiations and entry into a joint venture with Oxford Properties. This deal was included among Real Estate Forum’s The Best of 2018
- Healthpeak Properties, Inc. in a variety of transactions, including its spin-off of a $5.1 billion portfolio of senior living properties into Quality Care Property, Inc.
- various senior living operators in comprehensive restructurings of existing joint venture agreements and long-term incentive-based management agreements with large publicly traded healthcare REITs, including the restructuring of an approximately $800 million senior housing joint venture and the conversion of a triple net master lease to a RIDEA structure
- a publicly traded healthcare REIT in various portfolio transactions, including:
- the formation of a $605 million joint venture with an institutional investor to acquire a medical office portfolio
- the $350 million sale of a portfolio of triple net leased senior living assets
- the $500 million sale of a portfolio of skilled nursing and assisted living facilities
- Apartment Income REIT Corp. in the formation of a $510 million joint venture with a global institutional investor to own, operate and manage a portfolio of multifamily properties
- a sovereign wealth fund in a variety of joint venture and purchase and sale transactions, including:
- the formation of a joint venture to recapitalize and redevelop a portfolio of U.S. retail malls for an enterprise value of approximately $2 billion and the subsequent $1.5 billion acquisition of its joint venture partner’s equity stake, which involved multiple lender negotiations, refinancings and a transfer of its former partner’s entire retail property management and operating platform
- the $220 million sale of Ridge Hill, a 1.2 million square foot mixed-use lifestyle retail complex located in Yonkers, New York, to a partnership between Nuveen Real Estate, Taconic Partners and North American Properties, which was identified as one of the largest retail property sales to close in 2022
- a sovereign wealth fund in numerous joint venture investments (for an enterprise value of more than $5 billion in the aggregate) in portfolios across various commercial real estate asset classes, including multifamily, student housing, industrial and office
- a sovereign pension fund in various joint venture and financing transactions, including:
- a large-scale distressed asset transaction involving a syndicate of senior lenders and a non-performing and matured mezzanine loan
- a condominium redevelopment project proposed to be connected to one of the world’s largest open-air shopping centers
- André Balazs Properties in the refinancing and ownership restructuring of the Chateau Marmont hotel located in Los Angeles
- a publicly traded office REIT and its publicly traded manager in numerous financings for more than $5.3 billion in the aggregate, including multiple portfolio financings, mortgage and mezzanine financings, acquisition financings and refinancings
- a U.S. investment fund in the workout and restructuring of a mezzanine loan related to a distressed office asset
- a U.S. private equity firm in the formation of a programmatic joint venture to develop multifamily properties across the U.S.
- a U.S. private equity firm in the $500 million sale/leaseback of a portfolio of industrial properties
- a Los Angeles-based private equity firm in the formation of a joint venture and refinancing of an office and retail center
- Zayo Group Holdings, Inc. in a sale of a portfolio of U.S. and European data center assets to DataBank Holdings, Ltd.
- Quinbrook Infrastructure Partners in the $1 billion sale of a portfolio of wind and power projects developed and owned by its renewable energy portfolio company, Scout Clean Energy, to Brookfield Renewable
- CF Industries Holdings, Inc. in various joint ventures and acquisitions, including the $1.7 billion acquisition of an ammonia production complex located in Waggaman, Louisiana and other related assets from Incitec Pivot Limited
- a publicly traded metals and mining company in a variety of transactions, including the development of two flagship lithium production plants located in Southern Arkansas and the exercise of lithium development and exploration rights across thousands of acres in Southern Arkansas
- a publicly traded REIT in the sale of mining assets and other related infrastructure
- Calera Capital in numerous transactions, including its acquisitions of majority stakes in Arnott, Inc. and ImageFIRST Healthcare Laundry Specialists, Inc.
- Dole plc in the pending $293 million sale of agricultural property and related assets
- Cosm Inc. in the development of large-scale immersive entertainment venues across the U.S., including its first venue in Hollywood Park, located adjacent to SoFi Stadium in Los Angeles
Prior to joining Paul, Weiss, Ida also represented numerous other clients, including Brookdale Senior Living Inc., Brookfield Properties, Intel Corporation, LVMH Moët Hennessy Louis Vuitton S.E., Oaktree Capital Management, L.P., and WeWork, in a variety of acquisitions, dispositions, financings, joint ventures, leases and restructurings.
Ida also maintains an active pro bono practice and has provided a variety of legal services, including real estate acquisitions, sales, and leases, for non-profit organizations. Additionally, she is a member of various community organizations, including the Laurel Canyon Association.