At Sirote, Adam serves as a Shareholder in the Corporate & Securities and Real Estate Practice Areas, representing developers and investors across a broad spectrum of asset categories, including retail, office, industrial/warehouse, multi-family, healthcare and life sciences, restaurant and hospitality, entertainment and sports, education, and agricultural, ranch, and hunting properties. He also counsels real estate clients in their general corporate, intellectual property, management and operations, and tax planning matters.
Lawyer Profile
Adam J. Sigman
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Recognized Since:2008
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Recognized in:Corporate LawReal Estate Law
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Law School:University of Southern California
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Website:
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E-mail:
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Location:2311 Highland Avenue SouthP.O. Box 55727Birmingham, AL 35255-5727
At Sirote, Adam serves as a Shareholder in the Corporate & Securities and Real Estate Practice Areas, representing developers and investors across a broad spectrum of asset categories, including retail, office, industrial/warehouse, multi-family, healthcare and life sciences, restaurant and hospitality, entertainment and sports, education, and agricultural, ranch, and hunting properties. He also counsels real estate clients in their general corporate, intellectual property, management and operations, and tax planning matters.
Lawyer Bio
Education:
- University of Southern California, J.D., graduated 1998
- Vanderbilt University , BA, graduated 1995
Bar Admissions:
- Alabama, Alabama State Bar Association
Affiliations:
- Alabama State Bar - Member
- American Bar Association - Chariman, Ethics and Professionalism Committee of the Real Property Trusts and Estates Section
- Birmingham Bar Association - Member
- International Council of Shopping Centers - Member
Recognized in The Best Lawyers in America for work in:
- Corporate Law
- Real Estate Law
Awards:
- Birmingham Business Journal Top 40 Under 40, 2006
- Martindale AV Rating
- Alabama Superlawyers, Real Estate, 2011-12
- Chambers USA, Real Estate, Birmingham, Alabama, 2008-12
- Best Lawyers, Real Estate, 2008-13
Areas of Expertise:
- Commercial
- Development
- Finance
- Land Use
- Tax Certiorari
- Transactions
- Zoning
Firm Details
Sirote & Permutt, PC
http://www.sirote.com
Headquarters
2311 Highland Avenue South
P.O. Box 55727
Birmingham, AL 35255-5727
(205) 930.5100
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Lawyer Case History
Industrial Warehouse Acquisition and Lease
Represented sponsor and lead investor in the acquisition and financing (30 days from property identification to closing) of an industrial subdivision/park comprised of 300,000 rentable square feet, with a total project cost of approximately $30,000,000, which included an office/warehouse lease of 150,000 rentable square feet executed at closing.
Distressed Real Estate Fund; Acqusition of Residential Subdivision
Represented a distressed real estate fund in its acquisition of a 400-lot residential subdivision with a total project cost of approximately $25,000,000, in connection with all redevelopment efforts needed to reconstitute the product offering, including revising the master plan; correcting title and survey defects; rezoning and other land use issues; procuring developer financing; redrafting subdivision covenants, establishing homeowner associations and implementing architectural controls; engaging approved builders; creating templates for builder lot options to purchase; and the formation of several townhome condominium regimes.
Retail Power Center Development
Represented the developer in its acquisition, financing, development and leasing of an 800,000 square foot power center with a total project cost of approximately $45,000,000, involving the assemblage of real estate, re-zoning, other land use planning, simultaneous sales to two anchor retailers, the procurement of municipal participation for new infrastructure and improvements to existing infrastructure for the project, and the leasing of the project, including, in-line space, outparcels and anchors and junior anchors.
Urban Loft Apartments Historic Rehabilitation
Represented the developer in its acquisition, development and financing of a historic office building and warehouse in a downtown/urban setting, with a total project cost of approximately $10,000,000, which included converting and rehabilitating the vacant structure into 74 loft apartments and underground parking, Alabama Housing Finance Authority bond financing, the sale of historic and affordable housing tax credits to an investor sponsored by Fannie Mae, and procuring a subordinated HUD/HOME Loan from the City of Birmingham, Alabama.
Multi-Family Acquisition and Equity Raise
Represented the sponsor and lead investor in the acquisition and financing of a 292-unit, new construction, Class-A, multifamily project in the North Central sub-market of Houston, Texas, with a total project cost of approximately $35,000,000, which included the simultaneous closing of an unregistered, private placement memorandum equity raise of approximately $5,000,000, a senior mortgage/deed of trust loan from a life insurance company of approximately $26,000,000 and a mezzanine loan of approximately $4,000,000.
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