Leading Real Estate Partners Joins Latham & Watkins

Arrival of three prominent partners with deep transactional experience adds further heft to Latham’s global real estate capabilities
Chicago… Latham & Watkins LLP1 is pleased to announce that Robert T. Buday, Nathaniel M. Marrs and Gary E. Axelrod have joined the firm’s Chicago office as partners in the Finance Department. The partners have more than 44 years of experience, collectively, with expertise in real estate private equity, commercial real estate, REITs and private equity fund formation matters, with a particular focus on the hospitality, gaming and leisure sectors.

The group of partners has advised on a number of high profile commercial real estate private equity transactions, infrastructure projects, restructurings and refinancings, REITs and fund formation matters. The partners serve a broad range of clients including: private equity funds; financial institutions, such as banks, pension funds, institutional investors and insurance companies; operating companies; REITs; and developers.

Richard Levy, Latham & Watkins’ Office Managing Partner in Chicago, said: “We are delighted that Robert, Nat and Gary have joined us. Their arrival bolsters our global real estate capability and is a perfect strategic fit with our preeminent private equity practice. We are excited about their synergies with our private equity, investment funds, real estate, finance and bankruptcy and capital markets practices.”

“This dynamic group of partners brings a wealth of experience working on complex US and cross-border transactions,” said Brad Kotler, Vice Chair of the Global Finance Department. “Each partner enjoys tremendous respect in the market for their track record, legal talents, deep sector knowledge and commercial acumen. Their mix of experience working over many years at the nexus of real estate and private equity are well aligned with our practice strengths.”

“Latham & Watkins’ transactional capability is among the world’s best and the firm is known for its deep industry knowledge, cutting-edge work and highly skilled teams. We are excited with the prospect of contributing to Latham’s growth. The firm’s strength in the US and globally positions it well to take advantage of the increased deal activity, and in particular advising on those challenging, cross-border transactions that span practices, products and markets,” said Buday.

The partners join Latham & Watkins from Kirkland & Ellis. Buday received his JD from Indiana University School of Law in 1991, where he was an associate editor of the Law Review. He graduated from Indiana University with a BS in Finance in 1988. Marrs received his JD from the University of Michigan Law School in 1996. He received an MBA in Finance from the University of Chicago Graduate School of Business in 2004, and an AB, summa cum laude, from the University of Michigan in 1993, where he was a member of Phi Beta Kappa. Axelrod received his JD, magna cum laude, from the University of Illinois College of Law in 1997 and a BS, with high honors, from the University of Illinois in 1994.