19 January 2011
Chicago – Mayer Brown, a leading global law firm, announced today that Daniel Favero has joined the firm as a partner in its Real Estate practice in Chicago. Previously, he was a partner with Chapman and Cutler LLP.
Mr. Favero has more than 20 years of experience in corporate and real estate finance, particularly in representing insurance companies and other institutional investors in private placement transactions and other financings. His work has focused on real estate lease financings, credit tenant loans and certified capital company (CAPCO) transactions and other tax credit financings.
“Daniel is a highly regarded real estate finance lawyer, with deep knowledge in the field and strong client relationships,” said Jeffrey Usow, a co-leader of Mayer Brown’s global Real Estate practice. “His experience in the monetization of cash flows from real estate loans and related securitizations will further broaden our ability to serve client needs across the spectrum of real estate financing transactions.”
While at Chapman and Cutler, Mr. Favero also served as counsel to a large institutional investor, where he worked on a wide variety of transactions including unsecured private placements, workouts, cross-border deals and swapping trusts.
“Mayer Brown’s global footprint and the firm’s capabilities and resources in a wide range of legal disciplines offer an ideal platform for expanding my practice,” Mr. Favero said. “I look forward to working with my new colleagues around the world to help serve client needs in corporate and real estate finance.”
Recent transactions handled by Mr. Favero include: the construction financing of a hospital, garage and medical office building complex; financing secured by air rights for an office building over rail tracks at Union Station in Chicago; a credit tenant loan to the Republic of Trinidad and Tobago to finance a waterfront development project in that nation’s capital city; real estate financing of two charter schools in New York State; 144A real estate lease financing of a bank headquarters; equipment financing for major food processing plants in the United States and Belgium; multiple-property real estate construction financing for a Chicago shopping center; development of a Sharia-compliant real estate lease financing structure; and tax credit financings in the states of North Carolina, Illinois (New Markets Tax Credits) and Florida.
Mr. Favero is a fellow of the American College of Investment Counsel and is a member of the International Association of Attorneys and Executives in Corporate Real Estate. He received a B.A. degree from the University of Illinois at Springfield and a J.D. degree, summa cum laude, from DePaul University College of Law.