Daniel L. Mita

Daniel L. Mita: Attorney with Duane Morris LLP
  • Associate at Duane Morris LLP (799 Attorneys)
  • 30 South 17th Street, Philadelphia, PA 19103
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    • #540 in weekly profile views out of 18,045 Attorneys in Philadelphia, PA
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Biography

Daniel L. Mita is a business lawyer and advisor. His practice concentrates on real estate transactions, including acquisition, disposition, investment, financing, development, and leasing. Mr. Mita leverages his years of experience working in real estate development to advise real estate developers, financial institutions, property owners, and entrepreneurs on a host of issues, including development and land use, public and private financing structures, property acquisition and disposition, loan restructuring and workout, and commercial leasing. Mr. Mita also represents investors, community development entities, and developers nationally in projects developed with the federal New Markets Tax Credit Program. Mr. Mita adds a unique perspective to his representation of clients' needs, informed by his business experience. He formerly served as a senior manager for a leading privately owned real estate development company where Mr. Mita focused on mixed-use developments executing loan and equity restructuring, land use and entitlements, and investor/ lender relationship management.

Experience

•Duane Morris LLP
- Associate, 2016-present
- Law Clerk, 2015-2016
•O'Neill Properties Group, LP
- Senior Project Manager, 2011-2014
- Project Manager, 2008-2010
•United States Congress, Office of the Speaker
- Congressional Intern, 2008

Civic and Charitable Activities

•Variety the Children's Charity, Tent 13
•United Way of Philadelphia, Leader
•Center City Residents Association, Member
•Rittenhouse Savoy Owner's Association (Condominium), Council Member

Selected Publications

•Co-author, " In Brexit Wake, Belgium Devises Competitive Real Estate Investment Vehicle, " Duane Morris Alert, March 3, 2017

Areas of Practice (6)

  • Eminent Domain/Condemnation
  • Transactional Law
  • Commercial, Residential and Mixed-Use Real Estate Development
  • Real Estate Financing
  • Real Estate Leasing
  • Distressed Asset Restructuring/ Workout

Education & Credentials

Contact Information:
215 979 7335  Phone
215 827 5537  Fax
dnmrs.co/attorneys/daniellmita.html#tab_Resume
University Attended:
Georgetown University, B.A., 2008
Law School Attended:
Drexel University Kline School of Law, J.D., Dean's Scholar and Rising Merit Scholar, 2016
Year of First Admission:
2016
Admission:
New Jersey; Pennsylvania
Memberships:

Professional Activities

•American Bar Association
•Philadelphia Bar Association
•Brehon Law Society
•Justinian Law Society

Reported Cases:
Representative Matters: Represented I Pennsylvania Housing Finance Agency, as bond counsel, in obtaining $16.8 million in Series 2018 Special Limited Obligation Multifamily Housing Development Bonds to finance the development and construction an income restricted property containing 83 residences located in Philadelphia, Pennsylvania, being developed by a partnership among the Blumberg Apartments Phase III LP, Philadelphia Housing Authority Development Corporation, Philadelphia Housing Authority, and other parties.; Represented International Education and Community Initiatives d/b/a One Bright Ray, Inc. and Community Academy of Philadelphia, a Pennsylvania Charter School, each 501(c)(3) organizations, as borrowers counsel, in obtaining $41 million in Series 2018 Tax-Exempt & Taxable Revenue Bonds to refinancing current debt and to finance a multimillion dollar capital plan for three school facilities serving the respective parties, all located in Philadelphia, Pennsylvania.; Represented Brown University in the disposition of multiple real estate holdings located in Chester County, Pennsylvania; Represented Vidalia Industrial Facilities, LLC in the closing of over $19 million of federal New Markets Tax Credit authority provided by AMCREF Community Capital and the New Markets Support Corporation to subsidize the development of a $60 million denim-spinning mill in Vidalia, Louisiana. New Markets Tax Credit equity was provided by Capital One.; Served as underwriter's counsel for a syndicate of investment banking firms that sold approximately $442 million in Pennsylvania Turnpike Commission Oil Franchise Tax Revenue Bonds.; Represented ICONA Opportunity Partners 1, LLC and ICONA, LLC in obtaining and closing multi-million dollar in financing from Beneficial Bank to refinance current debt as they continue to grow the ICONA luxury brand along the East Coast. The existing ICONA hotel portfolio includes ICONA Avalon, ICONA Cape May, and ICONA Diamond Beach, in southern New Jersey.; Represented Community Loan Fund of New Jersey, Inc. in the deployment of $10.5 million of Federal New Markets Tax Credit to fund a portion of the development of a new multi-tenant 27,000 square foot state-of-the-art food industry commercialization center in Bridgeton, New Jersey, which will serve as an incubator providing flexible spaces, technical assistance, and other resources for new food production companies, being developed by a partnership among the Food Specialization Redevelopment Corporation, Cumberland County Improvement, Rutgers University, and other parties.; Represented B&J Property Associates as seller in conveying a 56,000 SF industrial warehouse building located in McKees Rock, Pennsylvania.; Represented the Wilma Theater in licensing a newly renovated mixed purpose flex-use lobby space on Philadelphia's Avenue of the Arts to Good Karma Cafe, for cafe and concessionaire use.; Represented Community Loan Fund of New Jersey, Inc. in the deployment of $10 million of Federal New Markets Tax Credit to fund a portion of the development of a $172 million mixed use project including the New Brunswick Performing Arts Center in downtown New Brunswick, New Jersey by a public-private partnership among Pennrose Properties, New Brunswick Development Corporation, Rutgers University, Middlesex County, the City of New Brunswick the New Brunswick Cultural Center, the New Brunswick Parking Authority, and other parties.; Represented Holy Ghost I, LP in the closing of $56 million in financing, including debt, private equity, Federal Historic Tax Credit equity, and Federal New Markets Tax Credit equity for the construction and revitalization of the iconic Metropolitan Opera House theater in the North Broad corridor of Philadelphia, Pennsylvania being developed by EB Realty Management Corporation and consisting of a concert venue leased by Live Nation; deal honored by Philadelphia Business Journal as Best Real Estate Deal of 2018.; Represented Philadelphia Chinatown Development Corporation in the closing of land, financing, private equity, EB-5 financing, and Federal New Markets Tax Credit equity for the construction of the $70 million Eastern Tower Project in Philadelphia, Pennsylvania which will consist of apartments, office and retail space, and a community center.; Represented Community Loan Fund of New Jersey, Inc. in the deployment of $8 million of Federal New Markets Tax Credit to fund a portion of the development of a $80 million mixed use project in downtown Newark, New Jersey by L and M Development, Inc. Goldman Sachs also provided New Markets Tax Credit allocation and invested in the Federal New Markets Tax Credits generated by the transaction.; Represented Executive Education Academy Charter School Foundation, a 501(c)(3), in obtaining $41 million in series 2017 tax-exempt & taxable revenue bonds for the financing and acquisition of a commercial property in Allentown, Pennsylvania for $32.5 million consisting of approximately 473,000 square feet on an approximately 33-acre parcel, and for the further improvement of the property including the construction of a gymnasium.; Represented private real estate developer in restructuring and repositioning a portfolio of residential and mixed-use projects including $159 million in full recourse debt for a luxury waterfront condominium tower, $110 million of debt for a mixed-use development including 5,350 planned residential units, and $16 million of full recourse debt for a 421 unit multifamily riverfront development.; Represented private business in the negotiation and documentation of a 34,000 square foot industrial lease on the Delaware River in Philadelphia, PA; Counsel to private estate for effecting the disposition of multiple real estate properties located in Palm Beach County, FL, Ocean County, NJ, and Chester County, PA, in excess of $2.5 million.; Represented private institutional client in the negotiation and documentation of multiple retail leases in Philadelphia, PA and securing local and state tax abatements for a mixed-use development project.
ISLN:
924505889

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Philadelphia, Pennsylvania

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