Mark Edelstein is chair of the firm's Real Estate Finance and Distressed Real Estate practices.
Mr. Edelstein concentrates his practice in the areas of real estate finance, workouts, restructurings, bankruptcies, and private equity, and regularly represents lenders and others in a wide variety of mortgage and construction loan transactions, involving, among other asset types, office, commercial, retail, industrial, multi-family, hospitality, healthcare, and condominium and cooperatives, and in complex real estate workouts, restructurings and Chapter 11 proceedings. Mr. Edelstein is an expert on syndicated and participated loan arrangements, A/B note transactions, mezzanine financing and complex intercreditor and co-lender agreements.
During the 1990's, Mr. Edelstein established his prior firm's Real Estate Workout and Bankruptcy Group, and was heavily involved in the numerous debt restructurings and bankruptcies of high profile real estate companies and developers of that decade, including Olympia & York, Donald Trump, Leona and Harry Helmsley, Harry Macklowe, William Zeckendorf, Harold Brown, Trammel Crow, Peter Kalikow and George Klein. During the current downturn, Mr. Edelstein again is involved with the highest profile real estate workouts and bankruptcies, representing, among others, the largest creditor group in the General Growth Properties bankruptcy case, and the largest creditor in the Extended Stay Hotels bankruptcy case, and has spent the last four years restructuring the debt of, and enforcing litigation and bankruptcy claims against, some of the largest public and private homebuilders in the United States.
Mr. Edelstein has received recognition for excellence by Chambers USA, Legal 500, Euromoney's Real Estate Expert Guide, Best Lawyers in America, Super Lawyers and Who's Who Legal (US and International). In 2013, he was one of six attorneys globally to be named a "Real Estate MVP" by Law360.
Mr. Edelstein is an author of numerous articles and a frequent lecturer on topics involving real estate finance and workout matters. His articles have appeared inAmerican Banker, Commercial Lending Review, The New York Law Journal, The National Law Journal, The Practical Lawyer, The Real Estate Finance Journal,Corporate Finance and Real Estate Weekly. In addition, he had a regular “Question and Answer” column in, and was on the Advisory Board of, Warren Gorham Lamont’s Creditors Workout Strategies and has recently joined the Editorial Board of GlobeStreet’s Distressed Assets Investor Newsletter. He is a member of a number of national and local real estate trade groups, including the Urban Land Institute, Mortgage Bankers Association, International Council of Shopping Centers, and the Real Estate Board of New York. He is also a member of the Real Estate and Construction Council of Lincoln Center.