Payne H. Roberts
Associate
Areas of Focus
- Real Estate
- Corporate & Finance
- Islamic Finance
- Focuses on representing clients engaged in commercial real estate transactions.
- Experience in the financing, acquisition, disposition and leasing of various types of real estate properties.
- Experience with joint ventures and other equity structures, as well as loans made throughout the capital stack, concerning the ownership of real property.
Payne is a member of the firm’s real estate practice. He represents institutional real estate investors, development companies, sovereign wealth funds and real estate investment trusts in a wide variety of real estate transactions, including financings (acquisition and construction), refinancings, real estate joint ventures, loan assumptions, loan originations and related securitization matters, loan purchases, acquisitions, dispositions and leasing matters relating to real property located throughout North America, with a particular focus on transactions involving single-tenant net lease assets, multifamily properties and hospitality properties. He also represents corporate clients in the real estate aspects of their asset and equity transactions.
Payne has experience representing both borrowers and lenders in the origination and refinancing of commercial real estate loans across many asset classes, including logistics and distribution centers, data centers, multifamily properties, office buildings, and warehouse and industrial properties.
Payne also maintains an active pro bono practice, including participation in the Dallas County District Attorney’s Expunction Expo and the Dallas Volunteer Attorney Program’s intake clinics, as well as the Housing Crisis Center and wills clinics.
- Represented Preylock Holdings as the borrower in connection with its $1.2 billion commercial mortgage-backed securities (CMBS) financing secured by 12 distribution warehouses totaling 8.9 million square feet across 10 states.
- Represented a sovereign wealth fund as the purchaser and the borrower in connection with a series of acquisitions, Sharia-law compliant financings and related joint venture arrangements with multiple institutional partners for a $375 million portfolio of single-tenant net lease logistics and distribution centers totaling over 2.3 million square feet across seven states.
- Represented a real estate investment trust as the borrower in the refinance of a $257.5 million loan secured by a portfolio of 28 select-service hotels across 16 states.
- Represented a real estate investment company as the purchaser in the acquisition of a $136 million full-service hotel in Texas, together with the related assumption of a CMBS loan.
- Represented a hospitality development and management company as the borrower in the origination of a $100 million programmatic construction loan for the development of a multistate portfolio of limited-service hotels.
- Represented a real estate investment and management company as the purchaser and borrower in several transactions, including:
- The acquisition and related financing of a $156 million distribution warehouse in Ohio.
- The refinancing of a $43 million loan secured by a distribution warehouse in Tennessee.
- Represented a private equity investor as the borrower in several financing transactions, including:
- The acquisition financing of 18 transportation centers across 14 states, including (i) the origination of a new $25 million loan, (ii) the upsize of an existing credit facility to $100 million and (iii) the addition of nine properties to an existing $48 million line of credit.
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- The origination of a $20 million construction loan for the development of a new industrial facility Wisconsin.
- The origination of an $18.5 million construction loan for the development of a new warehouse facility Alabama.
- Represented a sovereign wealth fund as financier in connection with a $25 million Sharia-law compliant Murabaha financing related to the mortgage loan refinancing of a multifamily project in Ohio.
- Represented real estate development company as the borrower in the origination of a $42 million construction loan for the development of a multi-family project in Texas.
- Represented a private equity investor as the borrower, lender, and note purchaser in several financing transactions, including:
- As borrower, the origination of a $15 million senior construction loan for the development of a multifamily project in Texas.
- As lender, the origination of a $18.4 million mezzanine loan.
- As note purchaser, the purchase of a $15 million senior loan secured by an assisted living facility in Arizona, together with the related modifications of other subordinate loans.
- Represented a hotel owner in its $225 million acquisition of 48 limited-service hotels located in 11 states.
- Represented a hospitality development and management company in its multistate programmatic hotel disposition process.
- Represented a private equity fund with respect to the real estate aspects of its acquisition of four ready mix and aggregate companies in Tennessee.
EducationJ.D., University of Arkansas School of Law, magna cum laude, 2019
B.S.B.A., University of Arkansas at Fayetteville, 2016
J.D., University of Arkansas School of Law, magna cum laude, 2019
B.S.B.A., University of Arkansas at Fayetteville, 2016
Bar AdmissionsTexas
Texas
- Member, State Bar of Texas
- Member, Dallas Bar Association
- Member, Dallas Association of Young Lawyers
