Stacy Ann Osmond

Data Center

• Advised a joint venture with an institutional investor on the structuring and execution of a US$2 billion, multi-building data center project, including complex land structuring considerations and lease negotiations
• Represent a developer in joint venture negotiations relating to a proposed 1,000+ acre, 1+GW multi-building, multi-phase data center project
• Represented a joint venture, as landlord, in a powered shell lease of 160 megawatt
• Represented a national data center operator in the negotiation of a 12 megawatt MSA
• Represented a customer in the simultaneous negotiation of 10 separate MSA/leases in different facilities for a time sensitive expansion

Financing

• Represented a publicly traded real estate investment trust (REIT) in connection with commercial mortgage-backed securities (CMBS) acquisition financing in excess of US$400 million
• Led the real estate team in connection with a financial and corporate restructuring of Pennsylvania Real Estate Investment Trust (now PREIT Realty). Through the restructuring effort, PREIT reduced its total debt by approximately US$835 million through the second lien debt for equity swap, extended its senior facility maturity runway, and received commitments of new money exit revolver financing (in addition to debtor-in-possession financing) from a group of investors
• Represented an institutional owner of multifamily housing communities in Freddie Mac loans in excess of US$180 million
• Represented an institutional owner of manufactured housing communities in a Fannie Mae facility in excess of US$275 million
• Represented a real estate investment fund in connection with a portfolio Fannie Mae transaction relating to more than 20 properties located throughout the United States

Acquisition/Disposition/Development

• Represent a leading Chicago-based real estate developer and operator in connection with various acquisitions, financings, joint ventures, developments, and dispositions of multi-family assets and medical office buildings throughout the United States, including a $70 million multi-family complex in Chicago suburbs
• Represented a Chicago-based developer in connection with the ground lease and redevelopment of a historic, landmark building in Chicago, Illinois
• Represented the buyer/landlord in a four-mall portfolio in a sale/leaseback transaction and capitalization structuring
• Represented a municipality in connection with the acquisition, sale and redevelopment of a closed enclosed mall

Real Estate Investment

• Represented an international investment fund in joint ventures for investments in multi-family development and value-add transactions ranging from US$10 million to US$50 million (including portfolio transactions)
• Represented limited investors in negotiations of operating agreements and side letters with respect to single entity investments and fund investments
• Represented a Chicago-based developer in the acquisition and financing of a condominium building and related joint venture
• Represented multiple investment funds in negotiations of operating agreements, subscription agreements and side letters and analyzing related corporate and real property due diligence

Leasing

• Represented a manufacturer in a complicated ground lease and building lease structure for the build-to-suit construction of a $24M manufacturing facility
• Represented a renowned co-working company in negotiating significant new leases throughout the United States
• Represented a landlord in connection with the leasing of prime retail space in a landmark Chicago building
• Represented the landlords of multiple Chicago office buildings in negotiating new leases and amendments to existing leases
• Represent Fortune 500 companies in office lease negotiations
• Represented tenants in a full variety of leasing transactions around the United States, including office, retail, manufacturing and warehouse
• Advised tenants with respect to sublease arrangements, termination agreements and lease restructuring

• Author, "Commercial Real Estate Financing: The Borrower's Perspective," Commercial Real Estate: Financing and Transactional Issues 2025 Edition, Illinois Institute for Continuing Legal Education, February 27, 2025
• Co-author, "Commercial Real Estate Sale Contracts," Commercial Real Estate: Financing and Transactional Issues 2025 Edition, Illinois Institute for Continuing Legal Education, February 27, 2025
• Author, "Commercial Real Estate: Financing and Transactional Issues 2021 Edition," Illinois Institute for Continuing Legal Education, August 2021
• Author, "The US CARES Act and related relief for the multifamily industry," Multipart Series, AKD Partners LLP US

• Speaker, "Default Provisions in Real Estate Joint Ventures: Bankruptcy, Distressed Property, Removal of Manager," Strafford Continuing Legal Education (CLE) Webinar, July 29, 2025
• Speaker, "Nuances in hyperscale lease negotiations"
• Speaker, "Energy and Real Estate Law and AI-Driven Data Centers," Strafford Continuing Legal Education (CLE) Webinar, February 25, 2025
• Speaker, "Data Centers: Challenges and Opportunities," Client Annual Real Estate Group Conference, September 2024
• Speaker, "Key Issues in Office Leasing," AKD Partners LLP US CLE, (2023 – 2025)
• Speaker, "Industrial Leasing Analysis," Industrial Leasing Workshop CLE, March 28, 2022
• Panelist, "Return to the Office in 2021," Orion3 Virtual Panel, February 24, 2021
• Speaker, "Curbside Pickup: Revising Leases for Increased Common Area Use and Costs, Signage, Additional Insurance," Strafford CLE, January 14, 2021
• Panelist, "New and Important Lease Concepts and Clauses," The Office Space Podcast, August 27, 2020
• Speaker, "Rent Relief Agreements for Commercial Leases," Strafford CLE, August 11, 2020
• Speaker, "Botched! 6 Common Mistakes that Practitioners Make When Real Estate and Healthcare Intersect," Minnesota Real Estate Institute, November 2016
• Speaker, "Real Estate Transactions: Parties, Terms and Process," Minnesota New Lawyer Experience, January 2016