Big firm sophistication. Small firm focus.

Real Estate and Finance

Kleinbard’s real estate and finance attorneys  are well-positioned to serve growing businesses and established institutions, with local and regional needs, including:

• REITs / Funds / Investors
• Owners
• Developers
• Community Revitalization Groups and Development Corporations
• Government and Municipal Entities
• National and regional institutional Lenders / Borrowers
• Landlords / Tenants
• Charter Schools, Healthcare Operators and Shopping Center Owners

Our real estate and finance team prides ourselves on our problem-solving ability on behalf of our clients. The depth of our experience in the industry provides the required technical expertise and practical counseling essential to our clients’ business objectives.

Our services to the real estate industry include:

• Buying, assembling, and selling raw land and high-rise buildings;
• Representing significant office, retail, and warehouse landlords and tenants in their leasing activity;
• Land planning, zoning, variances, and permitting for development, rehabilitation, and leasing;
• Real estate tax appeals and exemptions;
• Commercial and residential condominium creation and conversion;
• Dealing with environmentally affected property;
• Representing construction and permanent financing lenders; and
• Representing nonprofits and businesses in financing and refinancing transactions, including bond transactions.

Examples of our attorneys’ successes in representing clients involved in the real estate industry include:

• Representation of a private REIT in connection with a $3.15 billion sale of 209 industrial assets in 25 key U.S. distribution markets. (Exeter Property selling portfolio in $3B deal)
• Representation of a local real estate fund in connection with the acquisition and development of a 420 unit, 30 story, multi-family development over retail located in University City (Philadelphia, PA). (University City Newman Center slated for replacement with 30-story apartment tower)
• Ongoing representation of an investor group in the acquisition of long-term leased properties, including 21 properties in 16 states for a total purchase price of over $56 million in 2019.
• Representation of a rapidly-expanding investment group in connection with the purchase, diligence and financing of multifamily assets, starting with their first Philadelphia asset and growing the portfolio to over $80 million in 1.5 years.
• Represented a local developer in the acquisition and financing of a 2.3 acre parcel in Center City, Philadelphia, which will be redeveloped as townhomes, 150+ units of multifamily, parking and retail space.  Ongoing representation in connection with the acquisition and financing of numerous large development sites.
• Representing an investment group in connection with the purchase, diligence and financing of 9 multifamily properties in Philadelphia since 2017.
• Representing a nonprofit in connection with securing the purchase of a portfolio of properties from the Land Bank of Philadelphia, including obtaining zoning variances and drafting condominium documents.
• Assembling 10 properties for a regional big-box shopping center.
• Coordinating the sale and condominium conversion for development of an office building and the largest high-rise residential tower currently under construction in Philadelphia.
• Representing the City of Philadelphia in leasing the state-constructed Family Courthouse to the local judiciary.
• Negotiating the lease for the development of publicly-owned space surrounding Philadelphia’s iconic City Hall.
• Representing the lender for construction financing of a trophy, 40-story office tower in a major metropolitan area.
• Obtaining tax exemption retroactive for 14 years and providing significant financial support to a social service nonprofit entity.
• Purchasing environmentally contaminated property, and leasing and transferring it.
• Representing a shopping center developer in leasing to major tenants including PetSmart, Giant Stores, Circuit City, and Best Buy.
• Representing a Pacific Rim investor in purchasing a 50% interest in a major office building.
• Representing the conflict committee of a prominent real estate investment and management firm in evaluating related party transactions.
• Assisting a nonprofit obtain a federal grant, a portion of which to be utilized to build community development projects.
• Representing limited partners in a shopping center in a dispute with the managing general partner relating to breaches of fiduciary duties and contract claims.