Kelly Shubic Weiner

Partner
Weiner Shubic Kelly

Kelly Shubic Weiner is co-chair of Venable's Commercial Real Estate Practice Group. Kelly offers strategic business solutions for owners, developers, operators, investors, and lenders engaged in complex real estate and commercial transactions in the United States and abroad. Efficient and effective at guiding a transaction from inception to closing, she advises on acquisitions, dispositions, development and construction, hospitality initiatives, joint ventures, financing, and leasing of commercial enterprises.

Kelly has extensive experience advising international hotel and lodging companies on the repositioning of convention center hotels in major U.S. cities, and the development, construction, financing, and operation of hotels in mixed-use and resort projects.

In her special servicing practice, she handles workouts and restructurings of CMBS loans. She applies a nuanced approach to bring workout deals to a successful conclusion, including those involving multiple tiers of debt and competing interests.

Experience

Representative Matters

Hospitality and Development

  • As lead real estate counsel, represented a longtime private equity client on acquiring and financing a portfolio of 62 Sonic Drive-In restaurants located in Alabama and Florida, along with 23 associated real estate properties
  • As lead counsel, represented  a global hotel and leisure company in its acquisition of an iconic Caribbean resort in Anguilla, including handling the renegotiation of the ground lease with the Anguillan government, negotiation of a memorandum of understanding with the Anguillan government regarding the refurbishing and redevelopment of Cap Juluca, and future expansion of the resort, with a residential development as a component thereof
  • As lead counsel, represented an open-ended fund with the purchase of approximately 70 acres of real property in Orlando, Florida for the development and construction over three phases of an approximately 456,000 sq. ft. regional power and lifestyle retail center. She advised on the structuring and negotiation of a joint venture with the development partner, a tiered promote structure with a monetization feature, a development management agreement, construction contracts, and construction financing
  • As lead counsel, represented  an international hospitality company in the acquisition and development of flagship brand hotel sites
  • As lead counsel, represented a fund in the acquisition of a multi-parcel project, including 135,842 square feet of big-box retail and in-line retail space, and 29,820 square feet of medical-office building space, in a master planned and proffered mixed-use transit-oriented development; negotiated and counseled client on medical office building and retail lease agreements
  • As lead counsel, represented  a major European bank in loan restructuring and a new facilities loan for $155  million in funding for a mixed-use resort development project located in Los Cabos, Mexico; includes two golf courses (one course designed by an internationally top-ranked professional golfer), golf villas, beach estates, timeshare product, and an 11-acre lagoon pool and related amenities

Acquisitions, Dispositions, Financing, and Leasing

  • As lead counsel, represented  a publicly traded REIT in the acquisition and financing of more than $1.0 billion in retail, multifamily, mixed-used, office, and industrial projects across the United States, including related joint venture, leasing and tenant build-out matters, and reciprocal easement and covenant, conditions, and restriction agreements
  • Represented a family office client in the acquisition of 14 affiliated businesses, 16 associate owned, and 23 leased real estate properties
  • As lead counsel, represented an investment advisor to a pension fund with respect to $150,000,000 refinance involving senior secured debt and mezzanine debt  
  • As lead real estate counsel, represented a private equity fund in its acquisition of restaurant franchise groups consisting of 45 restaurants
  • As lead counsel, represented an institutional investor in the acquisition and development of industrial warehouses, distribution facilities, and last-mile facilities in locations up and down the East Coast, including Florida, North Carolina, New Jersey, and Pennsylvania
  • As lead real estate counsel on a cross-disciplinary Venable team, represented a company in its acquisition and development of the 3,100-acre former Bethlehem Steel industrial site
  • As lead counsel, represented a developer of a premier, "green" mixed-use development in Howard County, Maryland, concerning the sale of out-parcels for multifamily and residential home construction, and the ongoing development, infrastructure, and lot finishing work
  • Represented a special servicer in workouts, loan restructurings, and collateral repositionings (including sale of an out-parcel to a major retailer) for regional malls across the United States
  • Represented a special servicer in the sale of a $2.5 billion portfolio of real estate and mortgage assets, comprising retail, office, and hotel properties located across the United States
  • As lead counsel, represented  the purchaser in the acquisition of a 450,000 sf lifestyle retail center in Illinois, for a sale price of $124.5 million, and related leasing and tenant build-out matters
  • As lead counsel, represented the purchaser of a retail center in Houston, Texas in structuring and negotiating a joint venture with the development partner, a property management and leasing agreement, and the acquisition financing

Insights

Credentials
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Education

  • J.D. with honors University of Maryland School of Law 2000
  • Notes and Comments Editor, Federal Circuit Bar Journal

    Writing Fellow and Research Assistant

  • B.A. summa cum laude Loyola College In Maryland 1997
  • Phi Beta Kappa

Bar Admissions

  • Maryland

Professional Memberships and Activities

  • Member, American Bar Association (ABA); past chair, ABA Hospitality, Real Property, Trusts and Estates Division – Common Interests Development and Time Share Group

Recognition
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  • The Best Lawyers in America, 2024 – 2025

Community
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Volunteerism

  • Former member, board of trustees, The Ballet Theatre of Maryland
  • Former board member, Maryland Hall for the Creative Arts