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Proskauer Rose LLP

11 TIMES SQUARE, NEW YORK, NEW YORK 10036-8299, USA
Tel:
Work +1 212 969 3000
Fax:
Fax +1 212 969 2900
Email:
Web:
www.proskauer.com

Steven Lichtenfeld

Tel:
Work (212) 969-3735
Email:
Proskauer Rose LLP

Work Department

CORPORATE

Position

Steven Lichtenfeld is a partner and co-head of the Real Estate Capital Markets and Real Estate Finance Groups. He advises financial institutions, investment banking firms, real estate funds, institutional lenders, specialty lenders, hedge funds, REITs and pension advisors regarding public offerings and other corporate, partnership and limited liability company matters. He is involved in fund formation, including funds that involve innovative structures that allow investors flexible, tax-efficient investment vehicles. He represents real estate funds and sovereign wealth funds in all stages of private equity investments and advises both underwriters and issuers in REIT IPOs and follow-on offerings.


United States

Real estate

Within: Real estate

Proskauer Rose LLP’s wide-ranging real estate practice encompasses private equity investments, financing, leasing and all stages of the development process, including land acquisition, construction financing and contract negotiation. Practice co-head Ronald Sernau has significant experience in the New York market, where he advises on high-value transactions involving trophy properties; Sernau recently acted for Extell Development Company on the recapitalization of its marquee Central Park Tower project and, along with Steven Lichtenfeld and Perry Cacace, advised New York REIT on its acquisition of an equity interest in an existing joint venture which owns Worldwide Plaza in Manhattan. On the lender side, private equity specialist Jeffrey Horwitz and M&A lawyer Daniel Ganitsky acted for Morgan Stanley as financial adviser to Starwood Waypoint on its $20bn merger with Invitation Home. Notable cross-border matters for the team included Horwitz and Lichtenfeld advising Accor on its $2.9bn acquisition of FRHI Hotels and Resorts from the Qatar Investment Authority and Oxford Properties. Inland Real Estate and IO Data Centers are also key active clients.

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United States: Real estate

Real estate investment trusts (REITs)

Within: Real estate investment trusts (REITs)

Proskauer Rose LLP’s practice, which handles the full range of corporate and finance transactions, has a strong record in advising non-traded REITs. It is also noted for its supplementary expertise in tax and private equity. Seasoned specialist Peter Fass jointly leads the real estate capital markets group with Steven Lichtenfeld - both are based in New York. Lichtenfeld recently acted for New York REIT in the sale of a 48.7% stake in One Worldwide Plaza to SL Green Realty and RXR Realty, in a deal that valued the property at $1.7bn. Michael Choate is a senior name in Chicago and advised Global Net Lease on its $3.1bn merger with American Realty Capital Global Trust II. New York’s Leslie Loffman is highly regarded for tax matters.

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