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Rabia A. Paracha

Partner
CONTACT
Orange County
T:+1.714.424.2881
CAPABILITIES
PRACTICES
  • Real Estate
  • Commercial Leasing
  • Real Estate Acquisitions and Dispositions
  • Distressed Real Estate Loan Workouts and Enforcement
  • Private Equity
INDUSTRIES
  • Multifamily Housing
LINKEDIN
Rabia Paracha
LINKEDIN

Overview

Rabia Paracha is a seasoned real estate lawyer who serves as lead counsel on complex, high-value real estate transactions nationwide. She led the successful closing of more than $4 billion in transactions last year alone, including large-scale portfolio and multisite deals involving hundreds of properties.

Rabia represents publicly traded companies, institutional real estate platforms, domestic and foreign investors, developers and national operators in the acquisition, disposition, leasing and strategic management of real estate assets across all major asset classes, including retail, office, industrial, self-storage and multifamily properties. Her work regularly includes portfolio transactions, sale-leasebacks, development deals, ground leases, management agreements and complex leasing arrangements.

Clients rely on Rabia not only to execute transactions, but also to anticipate risk, preserve leverage and maintain disciplined, efficient deal execution aligned with their long-term investment strategies. Drawing on her active deal experience, she provides practical, real-time market insight into transaction terms and negotiation trends, identifies issues early and aligns legal strategy with each client’s broader business and investment objectives.

Rabia is a recognized leader in the legal and real estate industries and holds leadership positions in several national and regional professional organizations. Through these roles, she has built a broad network spanning the legal, real estate and business sectors while remaining deeply committed to mentorship and developing future industry leaders.

Rabia also maintains a strong commitment to pro bono service, including acting as counsel to the Trauma Resource Institute, an international nonprofit focused on trauma-informed resiliency education. She also supports the Innocence Project and provides pro bono assistance to indigent asylum seekers.

Outside the office, Rabia enjoys cooking and reimagining family recipes inspired by her family's roots in northern Punjab, where food, community and hospitality have long been central traditions.


Institutional & Public Company Transactions

Public Storage (NYSE: PSA)

  • Represented Public Storage in connection with its $2.2 billion acquisition of the Simply Self Storage portfolio from Blackstone Real Estate Income Trust (BREIT).
  • Represented Public Storage in connection with the $1.35 billion acquisition and due diligence of a 144-property self-storage portfolio spanning multiple U.S. states.

Realty Income Corporation (NYSE: O)

  • Represented Realty Income in its $1.5 billion acquisition of 415 single-tenant convenience store and gas station properties located across 13 states, representing approximately 14% of the REIT’s annualized contractual rent at closing.
  • Represented Realty Income in the restructuring of 132 leased sites following the Zip’s Car Wash bankruptcy, involving coordination across a nationwide operating portfolio.

Terreno Realty Corporation (NYSE: TRNO)

  • Represented Terreno in connection with its $365 million acquisition of a 28-building, 1.2 million-square-foot industrial portfolio located across New York City, Northern New Jersey, the San Francisco Bay Area and Los Angeles.

Fortune 20 Energy Company

  • Ongoing representation in complex real estate matters, including portfolio strategy, leasing, and infrastructure-related transactions requiring coordination across environmental, land use and transactional disciplines.

Quixote Studios – $360 Million Sale to Hudson Pacific Properties

  • Represented Quixote Studios’ in connection with its $360 million sale to Hudson Pacific Properties.

Industrial Transactions

CalPortland Company

  • Represented CalPortland in the $160 million acquisition of Grimes Rock and State Ready Mix from Vulcan Materials Company (NYSE: VMC), involving multi-site aggregates and ready-mix assets.
  • Represented CalPortland in connection with complex mining lease transactions.

Portfolio, Private Equity & Platform Representation

Private Equity Real Estate Platform – $678 Million Portfolio Sale

  • Represented a real estate investment and management firm through acquisitions of medical office buildings, life science facilities and surgery centers nationwide, as well as a $678 million portfolio disposition executed during the COVID-19 pandemic.

Manufactured Housing & RV Community Platform – $500+ Million in Acquisitions

  • Represented a multi-park recreational vehicle and manufactured housing platform in financed acquisitions exceeding $500 million in partnership with institutional joint venture capital partners.

Institutional Retail Center Acquisition – $128 Million

  • Represented an institutional investor in one of the largest retail center acquisitions of the year in Virginia, involving a $128 million purchase of a 200,000+ square-foot multi-tenant retail asset.

Sale-Leasebacks

  • Represented various private equity funds, real estate investment firms and national retail operators in connection with sale-leaseback transactions involving various asset types including industrial and retail properties.

Real Estate Investors – Multi-Million Multifamily Dispositions

  • Represented various real estate investment firms in the sale of multi-million dollar multifamily apartment communities across the United States.

National Retail, Net-Lease & Operating Company Representation

Publicly Traded Petroleum Company – Ongoing Platform Counsel

  • Serve as real estate counsel across its national retail and surplus property portfolio, advising on acquisitions, dispositions, ground leases, CC&Rs, easements, development matters, and property management issues.

Retail Chain Grocers – Platform Representation

  • Represented national grocery operators in acquisitions, dispositions, leasing, subleasing, environmental matters and title resolution across multi-site portfolios.

Fast-Food Franchise Platform

  • Represented a multi-unit franchisee operating more than 30 restaurant locations in portfolio leasing and expansion matters.

Multifamily

  • Represent multiple real estate investment firms in the development, acquisition and disposition of large-scale apartment communities across the United States.

Education

J.D., University of California, Davis School of Law, 2012, King Hall Public Service Program

B.A., University of California, San Diego, 2008

Admissions

California

U.S. District Court for the Central District of California

  • Real Estate Rising Star, Globe St., 2026
  • Super Lawyers, Rising Star, Southern California, 2020-2026
  • Los Angeles Magazine, Top Young Lawyer, Southern California, 2020-2023

  • Member, NAIOP Commercial Real Estate Development Association
  • Member, National Multifamily Housing Council
  • Member, Commercial Real Estate Women
  • Former member, The Leo E. Deegan American Inn of Court
  • Former board member and secretary, Barristers, Riverside County Bar Association
  • Former member, UC Davis School of Law Alumni Board

  • " Sheppard Mullin Represented CalPortland in Grimes Rock and State Ready Mix Acquisition," January 13, 2025
  • " Sheppard Mullin Represents Terreno Realty Corp. in $365 Million Portfolio Acquisition Spanning Multiple Markets," May 9, 2024
  • " Sheppard Mullin Advises Aditxt, FT Global Capital, Hanwha Foodtech And Others In Recent Deals," March 8, 2024
  • " Sheppard Mullin Advised Realty Income in $1.5 billion Sale-leaseback Deal to Acquire 415 Single-tenant Convenience Store Properties," September 27, 2023
  • " Sheppard Mullin Real Estate Team Represents Self Storage in $2.2 Billion Acquisition of Simply Self Storage Portfolio," September 26, 2023
  • " Sheppard Mullin Advised Prospect Medical Holdings in Recapitalization and Financing Transactions, Including Up to $450 Million in New Financing," June 12, 2023
  • "Sheppard Mullin Represents Quixote Studios in $360 Million Sale to Hudson Pacific Properties, Inc.," September 1, 2022

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