Gary S. Kleinman is a commercial real estate attorney with wide-ranging experience in virtually all aspects of real estate law, including financing on behalf of borrowers and lenders, debt restructuring and workouts, land acquisition and development, dispositions of commercial, industrial and residential real estate, the acquisition and disposition of multi-asset portfolios of loans and real properties and leasing.
Areas of Concentration
· Debt restructuring and workouts
· Acquisitions and dispositions
· Loan and real property portfolio transactions
· Partnerships and joint ventures
· Mortgage and mezzanine financing
· Preferred equity investments
Significant Representations
· Extension and restructuring of the $177 million mortgage loan facility on the Atlantic Yards Project in Brooklyn, New York on behalf of Gramercy Capital Corp.
· Acquisition by an investment group led by BLDG Management Co., Inc. for $274 million of the property located at 1372 Broadway, New York, New York, and the assumption of the existing $235,167,000 mortgage loan.
· Sale by affiliates of SL Green Realty Corp. and Gramercy Capital Corp. for $230 million of the ownership interests in the entities that own the commercial condominium units at 55 Corporate Drive, Bridgewater, New Jersey.
· Joint venture on behalf of SL Green Realty Corp. with affiliates of SITQ (Caisse de depot et placement du Quebec) in connection with the acquisition of the property located at 388-390 Greenwich Street, New York, New York and consummation of $562 million mezzanine financing.
· Preferred equity investment by affiliates of BLDG Management Co., Inc. in the property located at 1414 Avenue of the Americas, New York, New York.
· Acquisition and restructuring on behalf of BLDG Management Co., Inc. of the $34 million mezzanine loan on the property located at 220 East 63rd Street, New York, New York and subsequent negotiation of a joint venture agreement with the owner.
· Consummation by Gramercy Capital Corp. of a deed-in-lieu transaction involving the Hotel Montgomery, San Jose, California and subsequent sale and purchase money mortgage financing of the property.
· Acquisition by affiliates of SL Green Realty Corp. and Gramercy Capital Corp. of a $200 million mezzanine loan originated in connection with the acquisition financing of the Peter Cooper Village and Stuyvesant Town projects in New York City.
· $65 million participating preferred equity investment by affiliates of SL Green Realty Corp. and Gramercy Capital Corp. in a Class A Manhattan office tower.
Professional & Community Involvement
· Member, American Bar Association
Awards & Recognition
· Listed, The Best Lawyers in America, Real Estate Law (2009-2012)
· Listed, AVENUE magazine "Legal Elite," Real Estate Law (April 2011)
· Team Member, Law360 "Real Estate Group of the Year" (2011)
· Listed, Chambers USA Guide, National - Real Estate Law (2010-2011)
· Listed, Super Lawyers magazine, New York Super Lawyers (2009-2011)
· Member, Winning Team, Chambers USA Award for Excellence, Real Estate (2010)
· Listed, The Legal 500 United States (2009)
· Rated, AV® Preeminent™ 5.0 out of 5