Law firm introduces some structure to its operations.
Kronish Lieb Weiner & Hellman LLP today announced the formation of a new practice, the Structured Real Estate Investments Group.Corporate partner Chet F. Lipton and real estate partner Thomas D. O'Connor will serve as co-chairs of the Group.
The seven-partner practice will focus on structured transactions involving real estate and related assets and draw upon the resources of specialists in the Firm's real estate, corporate, tax and bankruptcy groups.
The gGroup will provide clients with cross-disciplinary skills for real estate transactions involving joint ventures, preferred equity investments, mezzanine financings, asset collateralizations and securitizations, fund formation, syndications and structured asset acquisitions and dispositions.
"In many other firms, structured real estate transactions are addressed on an ad hoc basis by a real estate group, which must then seek input from other practice groups," said Lipton.
"At Kronish Lieb, the Structured Real Estate Investments Group is fully integrated and is dedicated to addressing all aspects of real estate transactions spanning multiple practice areas."
The group will assist Kronish clients in securing financing, gaining access to capital markets and finding transaction opportunities.
"Members of the Structured Real Estate Investments Group will provide clients with multi-faceted expertise and cutting-edge strategies because they understand the markets in which they operate," said O'Connor.
"Lawyers in the Structured Real Estate Investments Group have strong relationships with institutional lenders and investors, funds and underwriters, as well as real estate owners and operators."
Transactions addressed by the Structured Real Estate Investments Group involve real estate located in the U.S. and in any number of foreign countries.
The Group works closely with the Firm's internationally recognized Tax group to devise and implement tax efficient structures which address U.S. and foreign tax concerns.
The accumulated experience of the Structured Real Estate Investments Group includes a broad array of institutional and private clients in connection with structured real estate matters. There are 13 attorneys in the Group.
Lipton has over 26 years experience handling the corporate aspects of real estate transactions, including public and private real estate syndications, joint ventures, acquisitions, collateralized debt obligations and common and preferred equity investments in real estate ventures.
O'Connor has over 17 years of experience in various aspects of real estate finance and acquisitions, and represents numerous institutional and private real estate lenders and investors.
Servicing clients ranging from Fortune 500 companies to start-ups, Kronish Lieb Weiner & Hellman LLP is organized according to seven practice areas: litigation, bankruptcy and restructuring, corporate, real estate, tax, personal representation and the structured real estate investments Group.
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| Title Annotation: | FINANCE |
|---|---|
| Publication: | Real Estate Weekly |
| Date: | Aug 23, 2006 |
| Words: | 418 |
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