Real Estate: Finance
USA Guide 2024 : Pennsylvania
Band 2
Email address
[email protected]Contact number
+1 215 569 5500About
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
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 LLP acted as land use counsel to Spark Therapeutics for the development of their manufacturing facility.
Strengths
Provided by Chambers
"Blank Rome does a great job helping us to both understand and negotiate complex legal matters."
"Blank Rome is extremely capable in handling difficult transactions and has been an invaluable resource and partner for us."
"The service is excellent: very thorough, with good attention to detail and timely responses. We have a high level of confidence in them."
"Blank Rome does a great job helping us to both understand and negotiate complex legal matters."
"Blank Rome is extremely capable in handling difficult transactions and has been an invaluable resource and partner for us."
"The service is excellent: very thorough, with good attention to detail and timely responses. We have a high level of confidence in them."
Notable Practitioners
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.
"Adam is incredibly responsive and knowledgeable, we have a great relationship and he works incredibly hard."
"Adam is my go-to person on any legal advice because his very steady demeanor is always reassuring."
"Adam sets the stage for all questions and procedures. He's an excellent go-to person."
Peter Kelsen has a strong profile in the zoning and land use market. He acts for developers and municipal agencies on sophisticated real estate matters.
"I think the world of Peter. He's willing to share information and ideas."
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.
"Matt Comisky is someone who I work with for his subject-matter expertise."
"Matt is an excellent attorney and invaluable adviser on our transactions."
"He's a superior attorney with a high level of common sense and is incredibly responsive."
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.
"Steve has been consistently strong over the years. He has deep knowledge of the issues and provides a high level of client service."
"He has good attention to detail, is timely in responding and offers good counsel in terms of providing different ideas."
Peter Soloff assists clients on a broad range of real estate matters including sales, developments and leasing, to name a few.
"Peter is a great lawyer, I like his style. He's easy to work with and effective."
Philip Rosenfeldt represents real estate developers in land use and zoning matters as well as acquisitions and leases.
"Philip is strong, he is very easy to deal with and he does a great job."
Ranked Lawyers at
Blank Rome LLP
Pennsylvania
Pennsylvania: Philadelphia & Surrounds
Members
Provided by Blank Rome LLP