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Essen Otu
Essen Otu Manager, Diversity and Inclusion SRP
Jennifer Understahl negotiates, strategizes, and collaborates with clients to close commercial real estate transactions of all types across the United States and internationally. She focuses on real estate finance, including new loans and workouts of existing loans; commercial property sales and acquisitions; commercial leasing on both the landlord and tenant side; management and other property operations agreements; joint venture issues; and title, survey, and other complex due diligence review.
Jennifer has successfully closed transactions for a wide range of asset types, with an emphasis on large, industrial buildings and centers (build to suits and customized fit-outs), retail (including malls, shopping centers, and pads), senior housing facilities, offices (campuses, buildings, and tenant spaces), and mixed-use projects. She works closely with emerging companies and institutional corporate clients to help them navigate complex deals and assist with day-to-day advice regarding their real estate and leasing issues. As the lead outside real estate counsel for several high-tech clients, she guides them in expanding their office, headquarters, and research and development footprint domestically and internationally. In addition, she has helped several online retail companies navigate their evolving real estate needs as they trend from ecommerce to brick-and-mortar sales. Jennifer also has significant depth in all aspects of commercial real estate loan workouts and represents some of the country’s largest Commercial Mortgage Backed Securities (CMBS) special servicers in handling their specially serviced loans.
Jennifer is actively involved in the Perkins Coie’s CMBS and Retail & Consumer Products industry groups. She also co-chairs the firmwide Women’s Forum, is a member of the firm’s Associate Evaluation & Compensation Committee, and is actively involved in the Phoenix office’s diversity and hiring committees. Jennifer belongs to multiple national and local industry groups, including the Urban Land Institute.
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