FIRM NEWS
Duval & Stachenfeld Represents Angelo, Gordon & Co. in Acquisition of Historic Philadelphia Apartment Building
June 14, 2011
Press Release
Duval & Stachenfeld LLP represented Angelo, Gordon & Co., one of the world’s largest alternative investment managers, with approximately $23 billion under management, in a co-venture with Korman Communities to acquire the Ben Franklin House, a 412-unit rental apartment building on a historic site in downtown Philadelphia. The apartment building was purchased at the end of May.
The Duval & Stachenfeld Team was led by Real Estate Group partner Todd Eisner with assistance from Real Estate Group associates Caroline Katz Zelniker, Vidhi Shah and Marie Bertrand.
Duval & Stachenfeld LLP has one of the most highly-regarded real estate practices in the U.S. Since the Firm's inception, the Real Estate Group has distinguished itself by creating a practice focused on complex, sophisticated transactional work. With close to 35 attorneys, the Real Estate Group has one of the largest groups in New York City and are veterans of over 2500 transactions in the firm’s almost 14-year history.