Adam focuses his national real estate practice on acquisitions, dispositions, development, redevelopment, investment, management, and finance of all types of multifamily residential, office, retail, hotel, mixed use and industrial properties in both single-asset transactions and multi-state, multi-property portfolio transactions.
Adam regularly represents Real Estate Investment Trusts (REITs), developers, investors, lenders, private equity funds, and other institutional and non-institutional investors, developers and owners of commercial real estate. He has counseled clients on all aspects of debt and equity in real estate transactions, including complex joint ventures, general and limited partnerships, permanent financing, CMBS financing, and mezzanine financing transactions. Adam also brings significant experience in construction finance, guiding clients through the intricacies of AIA construction documents and managing the transactional aspects of construction projects, from contract negotiation to project completion.
Representative Experience
- Represented one of the largest multifamily developers in the country as the seller in its disposition of a Class A multi-family project in Florida totaling $93,500,000.00.
- Represented a leading international investment and management firm by performing all diligence and related needs for their purchase of loans in default for a total of over $600 million and subsequent foreclosures, involving over 70 properties in California.
- Represented the borrower in connection with a $1,100,000 bridge loan refinance of a senior living facility in Toledo, Ohio.
- Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture including a contributing landowner and a large, institutional investor and construction financing for the development of a $99+ million apartment community with a mix of market-rate and affordable units located in White Plains, New York. This complicated development included negotiation of a reciprocal easement agreement with an adjacent office owner for certain shared infrastructure and negotiation of certain affordable housing incentives through the county’s Industrial Development Agency.
- Represented one of the nation’s largest multifamily housing developers in the approximately $100 million debt and equity financing of a 440+ unit multifamily apartment complex in Pittsburgh, Pennsylvania, which involved a ground lease structure, negotiating new easements and amendments to an existing REA, a new $65 million construction loan, and a multiple-layered joint venture structure.
- Represented Fortune 500 company in the $36,500,000 sale of a 167-unit multifamily property near Minneapolis, Minnesota.
- Represented one of the nation’s largest multifamily housing developers in the debt refinancing and equity recapitalization of a 300+ unit multifamily apartment complex in northeast Ohio, which involved unwinding a complicated mix of leases related to a 1031 exchange structure and bonds related to the construction financing, a new $55+ million Freddie Mac loan, a membership interest sale agreement for a partial cash-out of select investors and a new joint venture structure including existing and new equity.
- Represented a privately held real estate investment and management company holding over $1 billion in assets in the $39 million acquisition of a research and development facility located near Dayton, Ohio, including negotiating the purchase agreement on an expedited basis and analyzing all diligence for the site including a commercial lease and reciprocal easement agreement.
- Represented a privately held real estate investment and management company holding over $1 billion in assets in the almost $18 million acquisition of a shopping center in Fort Wayne, Indiana, including negotiating the purchase agreement on an expedited basis, negotiating an $11,000,000 acquisition loan from an insurance lender, reviewing all diligence for the site including retail leases, as well other complex title matters and survey issues.
- Represented one of the nation’s largest multifamily housing developers in the $100 million debt refinancing and equity recapitalization of a 300+ unit multifamily apartment complex in Pittsburgh, Pennsylvania, which involved amending and restating an existing ground lease structure, a new $60 million life insurance company loan, a partial cash-out of select investors and a new joint venture structure including existing and new equity.