About

Provided by Blank Rome LLP

Our full-service team advises on acquisitions, development, construction, leasing, restructuring, financing of real estate projects, and multi-property and portfolio deals, in all asset classes, including office, healthcare, medical office, retail and lifestyle, industrial, multi-family, and hospitality. Most deals in the $100-$250 million range, but each year some are worth several hundreds of millions, up to $1 billion+.

We have successfully obtained zoning, subdivision, and land development approvals on most important region-shaping projects.

Our finance practice has close relationships with key banks and lenders that finance real estate deals in Pennsylvania. Our work spans middle-market, single-property secured loans to large-scale, multiple-property/multi-state credit facilities.  

Our multi-family deals are typically sales and purchases of rented apartment complexes for private tenants backed by Fannie Mae and Freddie Mac, and we are familiar with the issues involved.

We lead multiple multi-property, multi-state portfolio acquisitions and dispositions on a yearly basis.

Our related real estate tax assessment practice has secured tax-liability reductions for virtually every major office building in Philadelphia.

Our experience representing private and publicly traded REITs in mergers, acquisitions, dispositions, privatizations, joint ventures, and financings has led to our work on a handful of multibillion-dollar publicly traded REIT transactions recently.

Chambers Review

Provided by Chambers

Real Estate: Finance - Pennsylvania

2
Band 2

What the Team is Known For

Blank Rome LLP has an excellent team that excels across the full range of real estate matters and is particularly highly regarded for its formidable strength in complex financings. Acts for an impressive list of leading owners, developers and REITs. Expertise covers real estate assets in the healthcare and hospitality sectors. Possesses strong capabilities in zoning and land use issues, and is also regularly called upon for its expertise in restructuring work and tax assessment matters. Extensive experience assisting clients with multifamily residential transactions.

Work Highlights

  • Blank Rome advised Unique Industries on its acquisition of manufacturing company and associated facility lease.

Strengths

Provided by Chambers

Notable Practitioners

Provided by Chambers

Adam Laver
1
Adam Laver
1
Band 1
Adam Laver represents clients in a broad spectrum of matters, including zoning and land use, real estate development and property tax issues. His clients include developers, owners and users of real estate.

His blend of insight, professionalism and diplomacy makes him an invaluable partner to our team.

Peter Foster Kelsen
1
Peter Foster Kelsen
1
Band 1

Peter Foster Kelsen has a strong profile in the zoning and land use market. He acts for developers and municipal agencies on sophisticated real estate matters.

Peter is highly knowledgeable and has excellent local market insights.

Matthew Comisky
3
Matthew Comisky
3
Band 3
Matthew Comisky specializes in negotiating agreements relating to real estate transactions and refinancing loans. He also works on matters relating to real estate investment trusts.

His knowledge and expertise extend beyond just the legal aspects of a transaction; he also provides business counsel when requested or needed.

Steven A. Shoumer
3
Steven A. Shoumer
3
Band 3
Steven Shoumer focuses his practice on representing clients, such as banks, developers, private equity funds and insurance companies, in real estate financings. He also advises on real estate transactional mandates such as acquisitions, sales and development.
Philip Rosenfeldt
4
Philip Rosenfeldt
4
Band 4
Philip Rosenfeldt represents real estate developers in land use and zoning matters as well as acquisitions and leases.

He is very practical in his approach to solving complex problems.

Ranked Lawyers at
Blank Rome LLP

Provided by Chambers
Filter by
Band

Pennsylvania

Real Estate: Finance

Steven A. Shoumer
3
Steven A. Shoumer
3
Band 3
Real Estate: Zoning/Land Use

Adam Laver
1
Adam Laver
1
Band 1
Peter Foster Kelsen
1
Peter Foster Kelsen
1
Band 1

Pennsylvania: Philadelphia & Surrounds

Real Estate

Matthew Comisky
3
Matthew Comisky
3
Band 3
Philip Rosenfeldt
4
Philip Rosenfeldt
4
Band 4