
Profile
Michael A. Suleta, a member of the firm’s Real Estate Practice, has wide-ranging business and legal experience in a broad array of real estate activities, finance transactions, and equity investment for clients in the private equity fund, capital market, C-PACE market, institutional lender, developer, owner-operator, healthcare and skilled nursing facilities, corporate, investor, multi-family, industrial, office, retail, and hotel space.
Michael also maintains a robust real estate litigation practice, representing clients nationally in all aspects of commercial real estate, commercial lending, litigation and pre-dispute counseling, including title and lien priority issues, commercial landlord-tenant disputes, loan workouts, mortgage foreclosures, mezzanine UCC foreclosures, and eminent domain
Prior to practicing law, Michael represented numerous Fortune 500 corporations as a financial management consultant at a Big Four accounting firm.
Concentrations
- Acquisitions and dispositions
- Joint ventures
- Real estate finance
- Real estate litigation, including landlord-tenant disputes
- Leasing
- Affordable housing development
- Commercial foreclosure and receivership litigation
- Eminent domain and condemnation litigation
The attorney is providing legal services through and affiliated with Greenberg Traurig, LLP, a New York Limited Liability Partnership. Prior results do not guarantee a similar outcome.
Capabilities
Experience
- Representation of a national lender in the largest Texas C-PACE financing transaction to date ($48,475,000) for the construction costs and expenses associated with specific energy improvements. These enhancements are to be undertaken by the property owner in conjunction with the construction of a new full-service luxury hotel in San Antonio, Texas.
- Representation of a national lender in securing retroactive Pennsylvania Commercial Property Assessed Clean Energy (C-PACE) financing. This financing supports energy efficiency and water conservation measures installed during the construction of a mixed-use multifamily and commercial condominium in Philadelphia.
- Representation of a national lender in facilitating $17,914,777 in C-PACE financing. This financing is designated for the implementation of energy efficiency and water conservation measures during the construction of a new 220-unit multifamily development in Philadelphia, Pennsylvania.
- Representation of a national lender which facilitated $40,000,000 in C-PACE financing. This financing is intended for the implementation of energy efficiency and water conservation measures during the construction of a new 329-unit multifamily property with approximately 14,000 square feet of retail space in Philadelphia, Pennsylvania.
- Representation of a national lender which executed the first C-PACE loan in Delaware. This initiative aims to fund energy-efficient upgrades for Wilmington's historic DuPont Building.
- Representation of a leading private debt firm in a series of short-term, bridge-to-HUD financings of large scale, multi-state portfolio and single-asset transactions secured by medical office buildings, skilled nursing facilities and other health care projects throughout the United States.
- Representation of a joint-venture in its $73 million financing and derivative transaction, including interest rate swap, for its leasehold acquisition of various health care facilities in Atlanta and Hackettstown, New Jersey.
- Representation of a regional financial services institution in its $30 million construction financing and derivative transaction, including interest rate swap, secured by a health care facility in Holmdel, New Jersey.
- Representation of a multifamily real estate investment firm in its acquisition financing and derivative transaction – including interest rate caps – for its acquisition and development of multifamily projects in Philadelphia.
- Representation of a joint-venture in its acquisition of a controlling interest of the owners of a portfolio of office, retail and parking facilities in the Old City neighborhood of Philadelphia, Pennsylvania. The portfolio includes a historic office and retail building as well as the adjacent garage, movie theater and two additional office buildings;
- Representation of a joint-venture in its refinancing of a luxury hotel in the Old Town neighborhood of Alexandria, Virginia.
- Representation of various affordable housing developers in connection with the acquisition, development, financing and sale of projects in Illinois, North Carolina, Ohio and Pennsylvania and other states;
- Representation of various developers and lenders in connection with the structuring, negotiation and documentation of sophisticated real estate workouts.
Recognition & Leadership
- Team Member, a Law360 "Real Estate Practice Group of the Year," 2023
- Team Member, Chambers & Partners USA Real Estate Law Firm of the Year, 2017-2018 and 2022
- Listed, Super Lawyers magazine, Pennsylvania Super Lawyers, "Rising Stars," 2016-2017
A description of the selection methodology for the above awards can be found here. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.
- Member, American Bar Association
- Member, California Bar Association
- Member, Delaware Bar Association
- Member, Pennsylvania Bar Association
- Member, Philadelphia Bar Association
Credentials
- J.D., Rutgers School of Law - Camden, 2007
- B.S., Boston College, 1999
- Hon. Manuel Barbosa, U.S. Bankruptcy Court for the Northern District of Illinois, 2008-2009
- Hon. Anthony J. Parrillo, Supreme Court of New Jersey, 2007-2008
- California
- Delaware
- New Jersey
- Pennsylvania
- U.S. District Court for the District of Delaware
- U.S. District Court for the District of New Jersey
- U.S. District Court for the Eastern District of Pennsylvania