Welcome to the new beta version of legal500.com Visit the legacy site

North America - United States • Real estate

Proskauer Rose LLP

More informationMore information

Split between New York and Chicago, Proskauer Rose LLP‘s real estate capital markets practice is led by Michael Choate and Steven Lichtenfeld from New York and Chicago, respectively. The practice is historically known for its expertise in the non-traded REIT sector, but has recently been expanding its scope to include private REITs. Choate is a specialist in private equity and joint venture transactions, while also handling M&A and corporate governance for REIT clients. Lichtenfeld has long-standing expertise in rea estate capital markets, advising REITs on debt and equity securities, preferred equity investments and joint ventures. The team is trusted by clients in a number of asset classes such as retail, healthcare, data centers, and single family homes.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Proskauer Rose has very strong resources across REITs, tax and funds. The strengths in each practice area, makes the team incredibly strong. Our firm had a highly unique structuring with a newly formed REIT that required creative thought. We were well equipped with the team at Proskauer from the term sheet phase to final deal documentation. ’

  • ‘I particularly want to commend Michael Choate who advised us on this transaction. He was highly efficient with resources, and struck the correct commercial judgment to lead our deal through execution.’

Key clients

  • American Finance Trust
  • Ares Capital Management
  • DataBank and Digital Bridge Advisors
  • Fortress Credit Co LLC
  • Global Net Lease, Inc.
  • Healthcare Trust Inc.
  • Hospitality Investors Trust, Inc.
  • Inland Real Estate Income Trust
  • Leisure Acquisition Corporation
  • MG3 Developer Group LLC
  • Morgan Stanley
  • Pacific Oak Residential Trust II

Work highlights

  • Advised on matters related to the definitive merger agreement of Global Net Lease Inc. and Necessity Retail REIT Inc. With a combined company managing $9.6 billion in aggregate real estate asset value at closing.
  • Advising Healthcare Trust, Inc. on a number of matters, including a preferred stock equity line and a Series B Cumulative Redeemable Perpetual Preferred Stock offering.
  • Represented DataBank and Digital Bridge Advisors in the closing of a partial equity recapitalization and general partner led secondary valued at approximately $6 billion.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Michael Choate

Michael Choate

Proskauer Rose LLP

Michael Choate is a partner in Proskauer's Corporate Department and is a member of the Capital Markets Group and both Real Estate Capital Markets and Private Equity Real Estate Groups. Michael's practice is broad and includes a focus on transactional matters involving both public and private real estate offerings as well as private equity and joint venture transactions along with mergers and acquisitions, corporate governance issues and federal securities compliance matters.

Practice head

The lawyer(s) leading their teams.

Michael Choate, Steven Lichtenfeld