Fried Frank acted as counsel to a Brookfield Asset Management real estate fund in connection with its entering into a definitive agreement to sell Simply Self Storage to Blackstone Real Estate Income Trust, Inc. for approximately US$1.2 billion. Simply Self Storage is one of the top five private owners of self-storage and operates a high-quality portfolio totaling 8 million square feet across the U.S. The transaction is expected to close prior to the end of 2020.

The Fried Frank team included real estate partner Joshua Mermelstein; corporate real estate partner Steven Rudgayzer; tax partner Christopher Roman; executive compensation & ERISA partner Donald P. Carleen; corporate real estate special counsel Patrick Greeley; executive compensation & ERISA special counsel Joshua S. Gelfand; corporate real estate associates Tam T. Ho and Adam L. Streicher; and real estate associates Nicholas Mayer and Katherine M. Skipper.