Gregory G. Gosfield

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1835 Market Street
Suite 1400
Philadelphia, PA 19103 T: 215.569.2700F: 215.568.6603

Marlton
10000 Lincoln Drive East
Suite 201
Marlton, NJ 08053 T: 856.486.7900F: 856.486.4875

Wilmington
919 N. Market Street
Suite 1000
Wilmington, DE 19801-3062 T: 302.426.1189F: 302.426.9193

West Conshohocken
Two Tower Bridge
One Fayette Street, Suite 225
Conshohocken, Pennsylvania 19428 T: 215.569.2700F: 215.568.6603

New York
5 Penn Plaza
23rd Floor
New York, NY 10001 T: 332.600.5580F: 332.600.7230

Philadelphia Office
1835 Market Street - Suite 1400
Philadelphia
PA 19103215.569.4164 phone215.568.6603 faxggosfield@klehr.com
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Biography

Gregory G. Gosfield is a member of the Real Estate and Finance Department. He has a depth of experience in counseling clients on debt and equity investments across the life cycle of real estate transactions:

from the structuring and private syndication of senior and subordinate debt and equity, representing institutional and entrepreneurial investors;
through the operations and maintenance of the assets and the entities, representing owners, tenants, lenders and managers; and
to exits both by amicable sale or refinance and by contentious transitions in workouts, insolvencies, and turnarounds, representing owners, operators, special servicers, and opportunistic investors.

Mr. Gosfield’s knowledge and skill in the negotiation and execution of client strategies, individually and as a team leader, have been recognized in three intensive peer review processes resulting in his being named to “Chambers USA America’s Leading Lawyers for Business," and The Best Lawyers in America^©, where Mr. Gosfield was named by other lawyers as one of Pennsylvania's top real estate lawyers. Mr. Gosfield was named a Pennsylvania Super Lawyer^® by a vote of his peers.

Mr. Gosfield has also regularly been implementing his continuing commitment to education by lecturing regularly to professional and trade associations and by publishing articles on the structure and use of critical components of real estate transactions.

Credentials

Education

Temple University School of Law, J.D., cum laude, Temple University Law Review (1979)

Columbia College, B.A. (1972)

Admissions

Pennsylvania

Awards/Honors

Awards and Honors

Publications

Articles/Seminars

Representative Matters:

Representation of national hospital operator/investor as real estate, zoning, employment and environmental counsel in the acquisition of two hospital campuses, including six medical office buildings, and two accessory parking facilities, subject to approximately 200,000 square feet of on-campus credit tenant leases to a medical school and 22 off-campus satellite leases; financed through an equity joint venture’ master leasing premises in conjunction with purchase money mortgage financing and a revolving line of credit.
Health Systems, Physician Groups, and commercial health care facility developers, including what is believed to be the first of its kind transaction, representing a hospital, as a 25,000 sf. in-line tenant of a 1,000,000 sf. regional shopping center, in addition he represents health care for profit and not-for-profit organizations, in investor/operator joint ventures, acquisition, development, construction, leasing and workout including ground leasing, master leasing and space leasing, conventional and bond financing, condominiums of health facilities including medical office buildings, clinical office buildings, senior living facilities, skilled nursing facilities, continuing care retirement communities and personal care facilities;
Owners and developers in ground up and retrofit developments of over $300,000,000 in the recent years, including the negotiations of construction and design contracts with contractors, architects, and engineers, surveyors, geotechnical engineers, environmental engineers, interior designers, and vendors of furniture and fixtures and equipment on the basis of cost plus fee with no maximum guaranteed price, cost plus fee with a guaranteed maximum price, and fixed price;
Commercial landlords and tenants in over 550,000 square feet of space of office leases and tenant improvement construction contracts;
Opportunistic investors' acquisitions of distressed projects by purchase of assets through 363 bankruptcy sales, tax sales, assignment of auction bids, foreclosure, deed-in-lieu, and by purchase of mortgage loans, mezzanine loans and ownership interests, including health care facilities subject to regulatory approval upon change of control, and planned community developments;
Hotel developers including negotiation of franchise license agreements, management agreements, parking agreements, and financing, in the acquisition, development, construction and operation of hospitality projects;
Declarants, Successor Declarants, Homeowner Associations, and Unit Owner objectors of over $200,000,000 of residential and commercial condominiums in start-up, operation, transition/workout with mortgagees and successor declarants in failed and fractured condominiums and creating subcondominiums and multiple subdivisions of pre-existing condominium units;
Owners and developers in ground up and retrofit developments of over $300,000,000 in the past three years, including the negotiations of construction and design contracts with contractors, architects, and engineers, surveyors, geotechnical engineers, environmental engineers, interior designers, and vendors of furniture and fixtures and equipment on the basis of cost plus fee with no maximum guaranteed price, cost plus fee with a guaranteed maximum price, and fixed price;
Fortune 100 privately held corporation in over $260,000,000 of initial, modified, and consolidated synthetic leases of a research and development facility and distribution center, and attendant pre-treatment sewer plant post Fin46(R);
Private equity investors in transactions in excess of $800,000,000 for various refinances, purchases and sale-leasebacks in the United States, France, Great Britain, and Slovakia; purchase of 60 clothing boutique leased locations; purchase of 32 grocery store locations; purchase of 30 fitness locations; purchase of 100 retail leased bakery locations; refinance of 30 owned armored car warehouses; purchase of 150 leased outpatient dental clinics; purchase of 90 leased restaurant locations; sale of 200 leased restaurant locations; sale of 70 owned convenience stores; purchase of 30 leased tow truck locations; purchase of 90 leased automotive oil change locations;
University endowment fund in the purchase and financing of timberland assets;
Publicly traded REIT in the acquisition and ground up development of a Target store anchored 1,000,000 square foot shopping center subject to a condominium regime;
Private developer in the ground up development of a Target anchored 650,000 sq. foot power center;
Private equity developer in the restructuring and repositioning of a Target anchored 80% leased urban shopping mall, including renegotiation of existing leases with both solvent and distressed retailers, and modification of collateral under securitized mortgage debt subject to servicer, special servicer, and certificate holder approval;
Merchant power plant developer in connection with a $1.8 billion facility, including acquisition of a coal company with potential coal extraction over a 30 year mining plan, acquisition and development of a not-for-profit acid mine dewatering and clarification plant, and acquisition and development of a river port for development of intermodal capacity;
Publicly traded REITS as declarants in creation and administration of various commercial condominiums of over 2,000,000 square feet in aggregate;
General partners, special limited partners, and minority partners in exercise of joint venture exit strategies;
Global holding company and subsidiary operating company for construction of 1,000,000 square foot office park, and leases of over 1,000,000 square feet of research, office, manufacturing and warehouse space in Alabama, Illinois, New Jersey and Pennsylvania in excess of $100,000,000;
Developers in acquisition, construction and finance of $150,000,000+ of assisted living facilities in newly formed LLCs with structured institutional equity investments and tiered debt from taxable and tax-free lower floater bonds;
Institutional private equity investor in the workout of $650,000,000 loan to joint venture acquiring and building infrastructure for luxury residential lot and condominium resort communities;
International private equity fund in the acquisition of Korean land holdings by ground leases, improvement leases, subleases and licenses in acquisition and financing of $900,000,000 manufacturing business;
Closely held company reorganization of its business lines by creation of related company LLCs for transportation company, real estate holding company, captive off-shore insurance company, and life insurance funded buy-out program with retirement and death benefits of $120,000,000;
144A sale of operating company debt to insurance companies for $180,000,000 guaranteed by subsidiaries, and corresponding $175,000,000 bank lead "club" syndication credit agreement;
Closely held C Corporation with $100,000,000 of real estate assets in conversion to a S Corp for tax and administrative efficiencies by phased redemptions and liquidations;
High net worth individuals in formation of family limited partnerships and transfers of real estate holdings;
International chemical company for purchase of real estate assets of $40,000,000 and creation of tolling agreement of $50,000,000 for its manufacture of environmentally hazardous products without ownership of facility;
Private equity investor purchaser in sale-leasebacks of related real estate assets for $20,000,000 from principals affiliated with the contemporaneous sale of an operating company for $100,000,000;
High net worth individuals sale and purchase in 1031 deferred “parking” exchanges;
Fortune 200 companies as creditors, in the recovery of undersecured and unsecured debt of over $250,000,000 by workout and bankruptcy settlements;
Fortune 200 companies in the sales and reorganization of real estate assets with affiliated companies, and the mortgage refinance of over 150 U.S. locations and 10 foreign jurisdictions securing over $350,000,000 of debt;
Investment bankers, as purchasers of over $150,000,000 of credit tenant lease loans, and sales of loans to insurance companies and conduits;
Developers of luxury golf course and residential communities in acquisition, construction and partnership disputes for both structuring equity and debt investments and implementing the development process, for sale of approved parcels to builders and operators;
Fortune 100 global publicly traded pharmaceutical company in leases, sublease and assignments of leases throughout the United States;
U.S. publicly traded operating company with public debt in the dissolution and purchase of sale-ground leaseback land and IDB funded improvement for warehouses and manufacturing plants in 5 states; and
Supermarket tenant in lease for big box stand-alone store under landlord’s commercial condominium regime where other units are held by other big box retailers.

AHLA The Medical and Healthcare Facility Lease: Legal and Business Handbook, First Edition by Gregory G. Gosfield, Esquire;

"Solving Legal Issues Across the Life Cycle of the Successful Real Estate Development Project": Thomson Reuters published his Chapter "Ten Core Concepts for Healthcare Lease Provisions" Chapter 13 of the Health Law Handbook; 2013;

The American Health Lawyers Association published in 2012 the book, "The Medical & Healthcare Facility Lease; Legal and Business Handbook", Thomson Reuters/West published his chapter in the Health Law Handbook 2010 Edition "The Structure and Use of Health Care Real Estate Leases;"

Mr. Gosfield frequently publishes articles in various periodicals including, The Business Lawyer Today; The Real Property, Probate, and Trust Journal; and, The Practical Real Estate Lawyer, among others.

His article on “The Structure and Use of Letters of Intent as Prenegotiation Contracts for Prospective Real Estate Transactions” was selected by the ABA’s General Practice, Solo, and Small Firm Section for inclusion in its “Best of ABA Section,” a compilation of some of the best magazine journal and newsletter articles published by the ABA’s sections, forums and divisions.

Philadelphia

Marlton

Wilmington

West Conshohocken

New York

Gregory G. Gosfield

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