Overview
Douglas D. Selph focuses his practice on real estate and corporate finance, with substantial experience structuring, documenting, negotiating, and closing secured loan transactions for both financial institutions and borrowers. He regularly represents REITs and other commercial real estate borrowers in a wide range of secured and unsecured credit facilities, including working capital lines, acquisition loans, and mezzanine loans, and also advises clients on debt restructurings, workout and merger transactions.
In addition to his finance work, Doug assists clients with real estate acquisitions, dispositions, and general development matters.
Doug frequently speaks at real estate law seminars sponsored by the American College of Real Estate Lawyers, the American Law Institute, and the American Bar Association. He has also published articles in the Georgia Law Review, the Georgia Bar Journal, and the Practical Real Estate Lawyer.
Experience
- Representation of a medical/office REIT in an aggregate $1.75 billion syndicated senior unsecured revolving credit and term loan facilities.
- Representation of national multifamily developer in aggregate $101 million in construction loan financing for four multifamily developments located throughout the southeast, including aggregate $51 million in preferred equity financing in connection with such projects.
- Representation of publicly-traded industrial and retail REIT in aggregate $400 million senior secured revolving credit and term loan transactions.
- Representation of national industrial real estate developer in its acquisition and development of aggregate 360 acres for $63 million for an industrial park near Savannah, Georgia, including ground leases and payment in lieu of taxes structure with local government authority.
- Representation of hospitality lender in aggregate $370 million warehouse lines of credit.
- Representation of an equity sponsor in a $204 million senior secured corporate financings for sponsor acquisitions.
- Management of lender consent and debt modification process for $3.2 billion in connection with retail REIT merger transactions.
- Management of lender consent and debt modification for $1.2 billion in connection with industrial REIT merger transactions.
- Management of lender consent and debt modification process for $370 million in connection with retail REIT merger transactions.
- Management of lender consent and debt modification process for $167 million in connection with healthcare REIT merger transactions.
- Representation of a regional bank in an aggregate of $250 million syndicated secured construction loans for upscale mixed-use/multifamily projects.
- Representation of an industrial/office REIT in a $47 million subordinated secured corporate financings for sponsor acquisitions.
- Representation of an insurance holding company in $17.9 million senior secured revolving credit facility.
Honors & Recognitions
- Listed in Legal 500, Atlanta Elite: Corporate and M&A (2025)
- Listed in The Best Lawyers in America®: Commercial Finance Law since 2023
- Listed in Lawdragon 500: Leading Global Real Estate Lawyers (2024-25)
- Listed in Georgia Super Lawyers (2010-2013)
- Listed in Atlanta Business Chronicle’s 2016 Law & Accounting Who’s Who
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Professional & Community
Civic Activities
- Member, Urban Land Institute (ULI) Atlanta Center for Leadership (Class of 2011)
- Board of Directors, Georgia Tech School of Economics (2014)
- Member, Omicron Delta Epsilon International Economics Honor Society – Georgia Tech School of Economics
Professional Activities
- Fellow, American College of Real Estate Lawyers (ACREL) (2007 – Present)
- American College of Real Estate Lawyers (ACREL)
- Board of Governors, ACREL (2026-2030)
- Chairman, ACREL Attorneys’ Opinions Committee (2022 – 2024)
- ACREL Member Development Committee (2015-2017; 2024-25)
- Secretary, ACREL Capital Markets Committee (2011)
- Fellow, American Bar Foundation
- Fellow, Lawyers Foundation of Georgia
- Stonewall Bar Association
- Board of Directors (2012 – 2017)
- President (2015 – 2016)
- Past Chair, Executive Committee, Real Property Law Section, State Bar of Georgia (2004 – 2005)