About

Chris Gorman is co-head of the Firm’s Real Estate Practice and is a member of the Management Committee.  He is also co-chair of the Joint Ventures/Corporate Real Estate Practice Group and the GP Capital Practice Group and is a member of various specialty practice groups, including the Distressed Real Estate Practice Group and the Real Estate Platform Investment Group.

Chris has extensive experience in all aspects of real estate law, particularly as it relates to complex corporate real estate transactions.  His practice is diverse and unique in that his practice also involves the traditional “dirt real estate” aspect of all transactions (e.g., acquisitions, dispositions, recapitalizations, financings, construction financings, restructurings, workouts, and ground-up developments) as well as the corporate work “above the real estate”.  This understanding of how real estate works in practice and at the asset level is a huge advantage when negotiating complex up-tier corporate transactions.  His practice and experience have evolved throughout his career as the real estate industry itself has evolved and as the real estate industry has had multiple cycles/crises.  Chris has earned a reputation as a highly skilled attorney who is creative and practical to help his clients achieve their business goals. He adds value and insight to his clients’ business objectives by drawing on his experience and industry knowledge to provide invaluable recommendations and advice.  For these reasons, he is regarded by all of his clients as a talented and dedicated attorney to whom clients turn for their most complex transactions.

Chris’s clients include private equity funds, sovereign wealth funds, family offices, fund managers, developers/sponsors, operators, REITs, real estate platforms, founders of real estate platforms, and foreign investors.  He has extensive expertise in all asset classes, including office, retail, student housing, senior housing, self-storage, IOS, industrial, multi-family residential, built-for-rent and single-family residential, manufactured housing, cold storage, medical office buildings, and ground-up development of all of the foregoing.

Chris joined Adler & Stachenfeld LLP in September 2004 and is a cum laude graduate of Fordham Law School, where he was a member of the Fordham Journal of Corporate & Financial Law.  He received his B.S., summa cum laude, in Finance from Providence College.  He is admitted to practice in New York.

Chris often spends his weekends traveling the tri-state area (and sometimes further) to attend his son’s basketball games and his daughter’s softball and volleyball games.  With the little spare time left after that, he enjoys boating around Long Island.

Representative Transactions:

  • Assemblage of a portfolio of manufactured housing sites located across thirteen States, valued at over $2 billion (in the aggregate) and the eventual disposition of such sites through a corporate-level sale.
  • Acquisition of a large development site located in Chicago with an estimated $350 million capitalization, and the procurement of a construction facility for over $200 million.
  • Financing of a mixed-use development site in Los Angeles, California, with approximately $125 million in mortgage debt and $50 million in mezzanine debt.
  • Formation of a joint venture platform to both acquire and manage hotels across the United States.
  • Recapitalization of a 5-star resort and development sites located in Puerto Rico.
  • Vertical subdivision and acquisition of a mixed-use office building and hotel located in Minneapolis, Minnesota.
  • Refinancing of an office building complex located in Maryland, valued at approximately $100 million.
  • Sale of a multi-family apartment complex located in New Jersey, valued at approximately $150 million.
  • Recapitalization of a historic office building located in New York City, valued at approximately $300 million.
  • Acquisition and financing of a portfolio of multi-family apartment complexes located in Pennsylvania.
  • Acquisition and financing of a portfolio of office buildings located in California.
  • Acquisition of a portfolio of shopping centers located across several mid-Atlantic States and the assumption of the existing mortgage financing.
  • Acquisition, restructuring, financing and eventual sale of a portfolio of self-storage centers located across the State of California and valued at approximately $100 million.
  • Syndication of a mezzanine loan secured by the ownership interests in a development project in White Plains, New York.
  • Acquisition of a portfolio of seven office buildings located in San Diego, California and the assumption of each individual mortgage encumbering each property.
  • Acquisition and financing of a portfolio of grocery stores located throughout New England.
  • Acquisition of a significant interest in the owner of approximately 100 nursing home and assisted living facilities throughout the nation valued at approximately $1 billion
  • Recapitalization of a portfolio of multi-family apartment buildings located in New York City.
  • Preferred equity investment in a residential development project in New York City.

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