Overview Experience News Intelligence Michael A. Okaty Partner mokaty foley.com Download vCard Michael (Mike) A. Okaty is a partner and business lawyer who focuses on a wide variety of corporate transactions, governance and counseling. He also serves as an advisor and trustee to high net worth individuals and families. Mike is founder and former chair of the firm’s Senior Living Industry Team and vice chair of the firm’s Industry Teams Department. He is a member of the firm’s Management Committee and serves as the managing partner for the Orlando office of Foley & Lardner LLP. Mike has experience in a wide variety of corporate law matters, including corporate formation, corporate operations and governance, contract drafting, review and negotiation, mergers and acquisitions, and capital raising and finance transactions for both public and private companies and lenders. Representative Transactions General Corporate Represented Halifax Media Holdings LLC in its sale to Gatehouse Media. Structured the three-way merger of Florida's largest blood banks, which resulted in the second-largest blood bank in the nation (second only to the American Red Cross). The new organization is now known as OneBlood, Inc. Represented Halifax Media Holdings LLC in the acquisition of The New York Times Company's Regional Media Group. This was a challenging transaction in which the team faced a complex purchase of 16 different newspaper businesses in six states. The financing structure included five loans from four lenders and a sale-leaseback. With this transaction, Halifax doubled their media holdings. Advised LSQ Funding Group and Viewpost Holdings in private placements of debt and equity. Advised LSQ Funding Group in sale to Lovell Minnick Partners. Advised LSQ Funding Group in debt offering from Ares Capital Corporation. Senior Living Represented Revera Health System in the sale of 47 nursing homes to Health Care REIT Inc. (HCN) with a deal value of $1.3 billion. Counsel to Revera Health Systems in its acquisition and recapitalization of Sunrise Senior Living, the leading operator of assisted living facilities in the US with operation in Canada and the UK as well. The transaction entailed a 3 part merger, leveraged acquisition and joint venture with Health Care REIT (NYSE) involving sellers KKR, Beecken Petty and O'Keefe, Health Care REIT as minority investor and Key Bank as senior lender. Revera is the leading operator of senior living facilities in Canada and is owned by the Public Sector Pension Investment Board of Canada, a Canadian Crown Corporation. Counsel for the acquisition and related financings of Sentio Healthcare Properties’ entire portfolio. Represented FKP Property Group as the purchaser of multiple senior living facilities in four states with respect to acquisition, financing and licensing matters related to the transaction. Counseled a foreign company, FKP Property Group, in acquiring U.S.-regulated health care facilities in multiple states from Principal Senior Living Group. Counsel to Bourne Financial Group. Thought Leadership Panelist, “Financing Senior Housing Properties,” 2018 July Substantive Call, The ABA Section of Real Property, Trust & Estate Law (July 17, 2018) Co-author, “Consider This Before Jumping into the Seniors Housing Market,” National Real Estate Investor (January 9, 2017) Co-author, “What Does It Take to be a Winner in the Senior Housing Market?” Multi-housing News (November 22, 2016) Co-author, “How Hotel Developers Can Break Into Senior Housing,” HOTELS (October 25, 2016) Co-author, “Asset Protection: Creating Operating Agreements to Assure Continuity,” Journal of Physician-Owned Real Estate (2016) Panelist, Healthcare Panel, BDO Mid-Year Accounting and Tax Update, Orlando, Florida (June 8, 2016) Contributing author, Post-Acute Care Handbook: Regulatory, Risk, and Compliance Issues, published by the American Health Lawyers Association (2015) “The (Not-So) Hidden Risks of RIDEA Investment Structures,” Health Care Law Today (May 19, 2014) Co-author, "Nursing Facility Transparency and Congress," Health Law 360 (November 11, 2008) Recognition Mike was recognized by: "Florida Trend Legal Elite Up & Comer" by Florida Trend magazine where only 42 attorneys in Florida and six in Orlando were selected for this honor (July 2004) Orlando Business Journal’s "40 under 40" (2008 and 2011) Florida Super Lawyers–Rising Stars® (2009, 2011-2014) The Best Lawyers in America© in the field of corporate law (since 2010) Education Mike is a 2000 graduate of the New York University School of Law, where he was the article and note editor for the Journal of Legislation and Public Policy. He received his Master of Laws degree (LL.M.) in tax law from the New York University School of Law in 2004. He received bachelor's degrees in both accounting and finance, magna cum laude, from the University of Central Florida. Community Engagement Mike is and has been active in various community organizations in the Central Florida area, including the University of Central Florida, WMFE, the Maitland Art & History Association, the Orlando Chapter of the Association for Corporate Growth (ACG), the Brevard Zoo, and the OneBlood Foundation. He is on the board of directors for the New York University Alumni Association. Mike is a graduate of Leadership Orlando, Class 65. Admissions and Professional Memberships Mike is admitted to practice in the state courts of Florida, New York, California, and before the U.S. Tax Court. He was appointed as vice chair of the American Bar Association’s Senior Housing and Assisted Living group, a part of the Section of Real Property, Trust and Estate Law.