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Holland & Knight snags Hogan Lovells partner to lead real estate funds group

3 minute read

REUTERS/Kim Kyung-Hoon

  • Olesya Barsukova-Bakar spent more than 20 years with former firm
  • Says Thompson & Knight merger opens Texas opportunities

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(Reuters) - Hogan Lovells funds formation and joint venture specialist Olesya Barsukova-Bakar is taking her practice to Holland & Knight, whose real estate practice is one of the nation's largest.

Washington, D.C.-based Barsukova-Bakar, who co-led the real estate funds formation practice at Hogan Lovells, is one of a string of corporate partners to join Holland & Knight ahead of its merger with Texas-based Thompson & Knight set for August.

She'll lead the real estate funds formation practice at her new firm, Holland & Knight said in announcing her hire Wednesday.

"Texas has been an attractive state from a real estate perspective," Barsukova-Bakar said. "Several of my clients are expanding their investments into Texas, so I do think this is an additional opportunity for the client base that Holland & Knight already has and for my clients as well."

David Barkus, the head of Holland & Knight's private equity team, said in a statement that Barsukova-Bakar's experience in fund formation and joint ventures will "create synergies" with the firm's real estate practice.

A 20-year veteran of Hogan Lovells, Barsukova-Bakar's clients there included real estate investment trust JBG Companies in multibillion-dollar fund formation and joint venture matters, according to an archived firm profile. She has also represented Federal Capital Partners and GE Commercial Finance in real estate investment matters and International Finance Corp in venture capital financings in the clean energy, technology, and life sciences sectors.

While the pandemic has roiled real estate markets, she said it's also opened opportunities for her clients, with one doubling its assets under management from $1.5 billion after closing on new acquisition financing.

Barsukova-Bakar said Holland & Knight's plans to expand its real estate funds practice was a catalyst for her to join. She said she and members of Thompson & Knight's private equity practice are already mapping out ways to collaborate.

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Arriana McLymore reports on the business of law, including diversity in the profession, corporate practices, legal education and attorney career life cycles.

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