Working on behalf of publicly traded real estate investment trusts (REITs) and private investors, Buddy McDaniel advises clients on the acquisition, disposition and financing of large-scale commercial real estate assets. He also has extensive experience representing financial institutions and borrowers in commercial lending matters and in commercial loan workouts and restructures. In the past three years, Buddy has assisted public and private clients in more than $1 billion worth of financings and in excess of $475 million in real estate acquisitions and dispositions.
Urban Land Institute — Young Leaders Division, Memphis, Executive Committee (2008-2009)
Service Over Self, Inc. — Board of Directors (2008-2014)
We represented ClearPoint Neuro, Inc. (f/k/a MRI Interventions, Inc.), a global therapy-enabling platform company providing navigation and delivery to the brain, in its $17.5 million strategic investment from PTC Therapeutics, Inc. and Petrichor Healthcare Capital Management, with $10.0 million of notes funded by PTC and $7.5 million of notes funded by Petrichor. With the net proceeds from the sale of the notes to PTC and Petrichor, the ClearPoint Neuro intends to repay in full its existing secured indebtedness, and to fund product commercialization, internal research and development, and general corporate requirements. Additionally, we advised ClearPoint Neuro in the draw of $7.5 million additional proceeds from Petrichor in December 2020. ClearPoint Neuro intends to use net proceeds to continue funding global product commercialization, external strategic portfolio partnerships, and internal research and development efforts.
Representation of Neighborhood Preservation Inc. (NPI) in acquiring a number of tax sale parcels of land as part of an effort to redevelop a blighted area in Memphis
Represented Devonshire Operating Partnership, LP in its acquisition by of Davidson Kempner Capital Management LP, a global institutional investment management firm
Represented a public multi-family REIT in the acquisition and disposition of 59 apartment communities with more than 16,000 units in 12 states
Represented underwriters in Bluerock Residential Growth REIT’s Class A common stock offering
Represented Gladstone Land Corporation in the increase of its credit facility to $125 million with Metropolitan Life Insurance Company as administrative agent.
Represented a publicly traded, retail-focused REIT in the $43 million refinance of the 325,000 square foot Casa Linda Plaza shopping center
Represented a publicly traded retail and office REIT in the $37 million acquisition of a retail shopping center
Served as underwriters counsel on a NASDAQ-listed lodging REIT’s public offering of $27.6 million aggregate principal amount of 8.0% senior unsecured notes due 2018 (includes over-allotment option)
The Best Lawyers in America© — Real Estate Law (2021-2022)
Mid-South Super Lawyers “Rising Star” (2013-2014, 2019-2020)
Vanderbilt Journal of Entertainment and Technology Law — Symposium Editor
Vanderbilt Trial Advocacy Society and Mock Trial Competition — Member
Vanderbilt Scholastic Excellence Awards: Constitutional Law II and Current Constitutional Issues — Recipient