Victoria A. Matese

Senior Counsel

Overview

Tory Matese is senior counsel and a business lawyer with Foley & Lardner LLP. She practices general corporate and business law, and regularly represents a broad range of clients on domestic and international mergers, acquisitions, private equity transactions, project finance, and general corporate and contract counseling. She has extensive experience representing clients in the energy industry, counseling developers and investors in the development, sale, acquisition and tax equity financing of renewable energy facilities, as well as substantial experience drafting and negotiating a wide range of commercial agreements, including supply, manufacturing, and distribution agreements, for clients in the medical device and health services industries.

Ms. Matese is a member of the Transactional & Securities and Finance & Financial Institutions Practices and a member of the Sports, Energy, Medical Devices, and Hospitality & Leisure Industry Teams.

Recognition

Ms. Matese was named to DCA Live’s 2018 Rising Stars of Law “40 Under 40” list. She was also the 2015 recipient of the Children’s Charities Foundation’s Star for Children Award.

Education

Ms. Matese earned her law degree from Georgetown University Law Center (J.D., 2011), where she was administrative editor of the Georgetown Journal of Law and Public Policy and was a global teaching fellow for the Law in a Global Context Program. She graduated, magna cum laude, with a bachelor’s degree in communication from Boston College (B.A., 2008) and was inducted into Phi Beta Kappa.

Admissions

Ms. Matese is admitted to practice in the District of Columbia and Maryland.

Publications

Ms. Matese is a co-author of “Delaware High Court Says a Fair Deal Price Should Get the Most Weight in Appraisal Valuation,” Westlaw Journal: Delaware Corporate (August 28, 2017).

Representative Matters

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Represented Hall Equities Group (HEG) in connection with the acquisition of 29 hotels and the corporate assets of ZMC Hotels, which employs more than 1,000 people. The aggregate purchase price was approximately $225,226,000. ZMC Hotels owns and operates both private label boutique hotels, as well as those licensed by many prominent brands, including Hilton, Marriott, IHG, Wyndham, and others. Hotels are disbursed across the country from Duluth, Minnesota, to Phoenix, Arizona, to Sebring, Florida, and many locations in between. Five hotels are clustered in Scottsdale, Arizona. All of the hotels, along with other select quality properties, were master leased to and are being managed by Zenith Asset Company, an affiliate of HEG. Equity financing for the transaction was derived from a variety of sources, including the sale of three quality properties by the Hall Equities Group sponsored investment groups, cash on hand, and the refinancing of two multi-family apartment buildings. As part of the equity raise, one of HEG's investment groups sold a shopping center to Excel Trust, Inc. This shopping center was originally developed by HEG and owned since 2000. The aggregate purchase price was approximately $131,000,000. This super-regional center is known as Monte Vista Crossings and is located in Turlock, California. Monte Vista Crossings is one of the largest open-air regional shopping centers in the western United States, and is home to national retailers such as Home Depot, Target, Kohl’s, Lowe’s, Safeway, Dick’s Sporting Goods, Ross Dress for Less, Bed Bath & Beyond, T.J. Maxx, Old Navy, Office Max, Petco, In-Shape Fitness, Gap, Pier One Imports, and more than fifty additional well known shops and restaurants. The seller retained HEG to handle the ongoing leasing and construction of the next phase of Monte Vista Crossings. Another HEG sponsored investment group sold a luxury apartment project in downtown Walnut Creek, California. This six-story, 100-unit Class “A” building of concrete construction is known as The Arroyo. The project was sold to a major US-based Life Insurance Company, which has retained HEG as both the General Contractor to complete construction of the project, and as the Property Manager for the project going forward. An additional HEG sponsored investment group sold the 41,000 square foot 2890 North Main Street office building in Walnut Creek. Proceeds from all three sales were used by the investor groups to generate equity capital for the hotel portfolio acquisition. The balance of the proceeds were derived from an acquisition loan from Bank of America.
Foley represented Guggenheim Baseball Management in its acquisition of the Los Angeles Dodgers, marking the single largest transaction ever for a professional sports franchise. The new ownership group is led by Mark Walter, Chief Executive Officer of Guggenheim Partners, Earvin “Magic” Johnson, Peter Guber, and Stan Kasten, the former president of the Atlanta Braves and Washington Nationals, among others. The transaction, valued at over $2 billion, closed as of April 30, 2012, per an agreement between owner Frank McCourt and Major League Baseball (MLB) that was approved by the Delaware Bankruptcy Court, with funding occurring on May 1, 2012. This complex transaction was a unique and highly competitive sale process and tight timeline that required closing within 30 days of being selected as the winning bidder and special consideration to matters related to mergers and acquisitions, tax, bankruptcy, financing, real estate and land use, and media rights, among other areas. Overall, more than 60 Foley attorneys from 11 offices and 12 different practice groups assisted on the transaction, demonstrating both the breadth and depth of Foley’s capabilities in assisting clients to navigate such complex and high-profile transactions. The Dodgers transaction follows on the heels of Foley's successful recent representations of Wayne Weaver in his sale of the Jacksonville Jaguars, Rangers Baseball Express LLC in its acquisition of the Texas Rangers, and the Ricketts Family in its acquisition of the Chicago Cubs, which previously held the record price for an MLB franchise sale at $845 million.