NEW YORK, Jan. 16, 2017 /PRNewswire/ -- Somera Road Inc. is a commercial real estate private equity platform based in New York. Somera and its leaders have a passion for improving urban real estate located within secondary and tertiary cities in the U.S. Somera is involved in a number of projects spanning various cities and markets across the country. The Company prides itself in taking an entrepreneurial approach and millennial-focused approach towards solving real estate problems and creating value for all its stakeholders.
Somera focuses on nontraditional and off-market real estate debt and equity transactions sourced through Somera's deep connections in the real estate investment and financing space. Somera has developed a roster of loyal and capable capital and operational partners who assist the Company in connection with its acquisition and management of properties across Somera's focal markets. Somera and its partners spend significant time and energy in the markets in which it invests, determined to become local experts and to develop long and lasting relationships with local stakeholders, government officials and other related parties. Over the past few years, the Company, its principals, and its partners, have acquired more than $500 million worth of real estate assets throughout various U.S. geographies.
In an effort to expand its business footprint and to improve its delivery of service, the Company has retained Michael Fralin's firm as its general counsel. Michael has over 13 years of real estate transaction and corporate law experience. Prior to starting his current firm, Mr. Fralin practiced law at several leading international law firms, as well as in-house for a number of large financial institutions, where he established himself as a consummate business lawyer. Mr. Fralin's firm will act as outside general counsel to Somera and its affiliated companies. For Somera, Michael Fralin will focus on advising the company on legal matters, including deal structure, transaction execution and litigation. Mr. Fralin's firm will also support the Company's growing asset management business. Given Mr. Fralin's vast experience in real estate and structured finance, Somera will rely heavily on his expertise to make educated investment and legal decisions that meet Somera's objectives while satisfying all applicable requirements.
On behalf of Somera, Michael Fralin will play a substantial role in the structure and execution of transactions. Moreover, due to the often distressed nature of Somera's core transactions, Somera is frequently involved in dispute resolutions, including foreclosure litigations. In such cases, Mr. Fralin shall advise Somera with respect to strategies, analysis and settlements.
Michael formerly practiced law with the international law firm of Paul Hastings LLP, where he played a vital role in the law firm's real estate structured finance group. At Paul Hastings, Michael Fralin handled all asset classes, including multifamily, office, hospitality, retail, and industrial. These transactions were comprised of the origination of mortgage loans, mezzanine loans, credit facilities and bridge loans. Mr. Fralin also has a deep understanding of secondary market transactions and securitizations, including CMBS, CLO and CDO facilities.
Prior to Paul Hastings, Michael Fralin practiced law at other leading law firms including Sidley Austin LLP and Cadwalader, Wickersham & Taft LLP. In addition, Michael Fralin has substantial in-house experience garnered from serving as a business lawyer at a publicly traded investment bank, a real estate investment trust and a franchise. Somera Road Inc. will incur substantial benefits from Mr. Fralin and his firm's advice and counsel. Michael Fralin received his Juris Doctorate from Boston College Law School, and his B.A. from the University of Michigan, where he graduated from Michigan's LSA Honor's Program.
New York, NY 10036
646-766-8184 - GENERAL LINE
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SOURCE Somera Road Inc.