Shearman & Sterling advised Keysite Capital Partners, LLC with respect to the formation of a joint venture arrangement with Principal Enterprise Capital, LLC, a real estate private equity investment manager and subsidiary of the Principal Financial Group. Keysite Capital Partners, LLC has been formed for the purpose of providing fixed and floating-rate subordinate mortgages and mezzanine loans on multiple property types in New York City.

The Shearman & Sterling team included counsel Bob Fagiola; associate Andrew Smook; and partner Chris Smith (all-New York Real Estate).