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John Hetzel is a member of the firm's Commercial Department, focusing his practice on real estate and investment management. He has extensive experience representing institutional investment advisors in the formation of commingled investment funds and single-client accounts, as well negotiating and consummating transactions on behalf of such funds. Mr. Hetzel has also represented lenders and borrowers in construction, permanent, conduit, mezzanine, and revolving loans. Prior to joining Miller & Martin, Mr. Hetzel was most recently Senior Regional Counsel of a top-5 homebuilder and General Counsel of a top-20 homebuilder. He continues to represent builders in all transactional aspects of their businesses. Practice Groups Real Estate Investment Management Education J.D., Vanderbilt Law School, 1988 B.A., Indiana University, 1985 Representative Cases/Engagements Representation of REIT in $40,000,000 joint venture with fund managed by major investment bank, requiring contributions of entity interests. $248,000,000 acquisition of 50-story office tower in Chicago. Representation of pension fund advisor in establishment of $400,000,000 small loan program with major life insurance company. Representation of pension fund advisor in establishment of $200,000,000 construction loan co-lending program with major institutional investor. Acquisition of five commingled mortgage funds with $350,000,000 under management. Formation of $400,000,000 commingled mortgage fund with private and public pension plans and other tax-exempt investors. Representation of Special Committee of Independent Directors of publicly-held REIT in connection with workout of two $200,000,000 credit facilities and $30,000,000 loan from affiliate. Establishment of $200,000,000 whole loan program for state investment fund, including formulation of procedures, drafting all form documents and closing all loans East of the Mississippi. Formation of several equity real estate and mortgage loan investment funds for pension plans and life insurance companies, including drafting and negotiating advisory agreements and closing acquisitions. Formation of $100,000,000 commingled opportunity fund with pension plans and other tax-exempt investors. Formation of $50,000,000 commingled opportunity fund with pension plans and other tax-exempt investors. Revolving credit facility consisting of $100,000,000 tranche secured by equity real estate and mortgages and $45,000,000 tranche secured by investors' subscription agreements. $50,000,000 revolving credit facility secured by equity real estate and mortgages. $100,600,000 multi-lender mezzanine financing of five London, England hotels. $6,000,000 mezzanine financing of Minnesota office project. $4,900,000 mezzanine financing of California hotel. $16,700,000 purchase of cumulative preferred stock in Texas REIT with properties in Texas and Maryland. $2,000,000 acquisition of interest in a pre-existing Florida general partnership. $11,380,000 leveraged joint venture acquisition of hotels in California and Arizona utilizing operating lease structure to avoid unrelated business taxable income for tax-exempt investors. $15,250,000 leveraged joint venture acquisition of apartment complex in Las Vegas for conversion to extended-stay hotel utilizing operating lease structure to avoid unrelated business taxable income for tax-exempt investors. $12,000,000 joint venture acquisition of Florida shopping center. $11,647,000 acquisition of pool of equity real estate and commercial mortgage loans. $7,720,000 acquisition of pool of commercial mortgage loans. $42,896,000 sale to three purchasers of pools of commercial mortgage loans owned by four lenders. $12,000,000 leveraged acquisition of Texas apartment complex. $18,500,000 purchase, and subsequent $30,500,000 sale, of Illinois office complex. Numerous purchases and sales of shopping centers, office buildings, apartment projects and industrial projects. Numerous workouts of troubled loans. Numerous construction and permanent (including conduit) loans. Bar Admissions Georgia Professional Memberships Editorial Board, The Atlanta Lawyer, September 1990 to May 1996 Legislative Affairs Committee and Member, Pension Real Estate Association, March 2002 to March 2004; October 1998 to March 2004, November 2007 to Present Board of Directors, Real Estate Group of Atlanta , June 2003 to May 2006; Member, June 1993 to Present State Bar of Georgia, Real Estate Section Publications Operating Companies Under ERISA, Real Estate Finance Journal, Author, September, 1998 Options for Pension Plan Investments in Operating Companies Under ERISA, New York Law Journal, Author, March 23, 1998 Tax Credits Provide Shelter in More Ways than One, Atlanta Business Chronicle, Author, November 1-7, 1996 Broadcast Clues; Legal Issues in Acquisitions of Television Stations, The Atlanta Lawyer, Third Issue, Co-Author, 1991 Organizing a Business and "Buying and Selling a Business," Wisconsin Attorney's Desk Reference, Co-Author, 1989, 1990 Presentations Letters of Intent, Statute of Frauds and Options, Lorman Legal Seminars, August 2003 Civic and Charitable Activities Glenn Memorial United Methodist Church Chair, Church Growth Committee, January 2005 December 2006; Chair, Stewardship Committee, December 2003 March 2005; Finance Committee, December 2000 December 2003 Wesley Community Centers, Inc. President, May 1997 April 1998; Vice President, May 1995 April 1997; Board of Directors, May 1992 to April 1998
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