Rosenberg & Estis P.C., currently celebrating its 50th year, announced that it has formed a new Distressed Real Estate Group to provide expert legal solutions for clients facing challenges from the distress currently facing the real estate market.
The group has been assembled to address the urgent needs of lenders, borrowers, and investors as they navigate the shifting landscape of the New York City real estate market. R&E’s team brings decades of expertise on complex loan workouts, distressed property acquisitions and litigation, among other areas. The multidisciplinary team that includes attorneys from R&E’s real estate, litigation, corporate, restructuring and bankruptcy practices.
“Commercial real estate owners and lenders face a rapidly evolving market as over $1.5 trillion of U.S. commercial real estate debt is expected to mature by the end of 2025,” said Michael E. Lefkowitz, managing member of Rosenberg & Estis P.C. and a leader of R&E’s transactional department. “Higher interest rates, decreased property values and escalating operating costs have made refinancing and restructuring real estate portfolios extremely challenging. Our new Distressed Real Estate Group provides comprehensive legal guidance for those navigating this tumultuous market.”
The Distressed Real Estate Group offers a full spectrum of legal services designed to address every aspect of distressed real estate, from distressed debt and loan restructuring to foreclosure and real estate litigation. The group’s “one-stop” approach allows clients to navigate both transactional and litigation challenges without the need to consult multiple legal advisors.
“We’ve seen every phase of the commercial real estate cycle, and we understand how to help clients manage different forms of distress,” said Lefkowitz. “Our goal is to help property owners and investors not only to survive but to find new opportunities in the current market climate.”
The R&E team regularly advises prominent lenders, investment funds and real estate stakeholders on high-stakes litigation involving distressed assets. By leveraging their expertise, R&E’s litigation team helps clients minimize the costs associated with court proceedings, while maximizing asset recovery in a volatile market.
In addition to their litigation prowess, R&E’s attorneys are adept at out-of-court solutions, including loan recapitalizations, deed-in-lieu transactions and distressed property sales.
