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Douglas J. Lubelchek represents clients involved in complex real estate and finance transactions, including developers, real estate investment trusts, banks, insurance companies, and management and leasing companies in connection with transactions involving multi-family apartment projects, office properties, shopping centers, industrial sites, hotels, military bases and other government facilities. He regularly handles complex joint venture transactions and represents clients in various portfolio transactions and transactions involving sales, purchases, financing, loan assumptions, new construction, sale-leasebacks, residential development and like-kind exchanges. Based upon interviews with his clients and peers, Doug has been praised for “having the strength to move complex transactions along to a finishing point,” reports Chambers USA, America’s Leading Lawyers for Business 2013 Edition.


  • Two North LaSalle Street, Suite 1700
    Chicago, IL 60602


  • University of Chicago , J.D., graduated 1987
  • University of Illinois at Urbana–Champaign, BA, graduated 1984

Bar Admissions

  • Illinois, Illinois State Bar

Recognized in The Best Lawyers in America® 2022 for work in:

  • Real Estate Law

Special Focus

  • REITs


  • Listed in Chambers USA: America’s Leading Lawyers for Business; “Investment Funds: REIT,” 2007-2011; "Real Estate - Illinois." 2008-present
  • Listed in Chambers Global, "U.S.A. Investment Funds: REITs," 2010-2012
  • Listed in Illinois Super Lawyers, 2005-2006, 2008-2010, 2012-present
  • Listed in Leading Lawyers, 2010
  • Listed in Super Lawyers Corporate Counsel Edition, 2010
  • AV Preeminent Peer Review Rated by Martindale-Hubbell
  • Named to BTI’s Client Service All-Star List, 2012
  • Elijah Watt Sells Award for High Distinction: Illinois Certified Public Accountant Exam, May 1984


Represented private fund in the creation of a joint venture for the acquisition of the largest suburban office complex in Minnesota, including negotiation of loan documents,property management and leasing agreement.
  • Represented publicly traded real estate investment trust in the sale of 27 apartment projects in six states for $1.5 billion.
  • Represented private owner/developer in deed in lieu of a regional shopping mall in Chicago, Illinois.
  • Represented publicly traded real estate investment trust in the purchase of a development site in San Francisco, California.
  • Represented private fund in the purchase of a parking garage in Chicago, Illinois, pursuant to a bankruptcy court auction.
  • Represented real estate investment trust in the creation of a joint venture for the acquisition of “fractured condominium” projects in suburban Washington, D.C.
  • Represented private real estate investment trust in acquisition of various development parcels for student housing, refinancing of existing student housing assets with HUD financing and sales of existing student housing assets, including assignment and assumption of HUD loans.
  • Represented publicly traded real estate investment trust in assemblage of properties for development of a project in Seattle, Washington.
  • Represented private investor in purchase/financing of a restaurant in Chicago, Illinois.
  • Represented private fund in formation of joint venture to acquire portfolio of self storage facilities located throughout the Southeast U.S.

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