Adler & Stachenfeld LLP (A&S) has launched an Impact Real Estate Practice to provide counsel on mission-driven and ESG-guided investments and projects in the commercial real estate industry. The practice, co-led by A&S Partners Danielle Ash and YuhTyng “Tyng” Patka, is designed to address the market need for expertise in structuring commercial real estate partnerships and transactions that deliver social impact alongside financial returns.
“There is a great opportunity to increase diversity in commercial real estate through the growing number of ESG initiatives,” said Ash. “Creative legal solutions can make or break an impact initiative’s viability,” added Patka. Patka serves as chair of A&S’ NYC Real Estate Tax & Incentives Practice Group as well as Co-chair of its NYC Climate Mobilization Act Task Force & PACE Financing Practice; while Ash is a member of various specialty practice groups including ground leasing, Opportunity Zones, fund formations, and real estate finance. This new Impact Investing Practice provides clients with comprehensive guidance on how best to structure their investments for maximum benefit from both financial returns along with positive social impacts within their local communities.
