Michelle V. Kelban

  • Partner
  • Emichelle.kelban@lw.com
  • 885 Third Avenue
  • New York, NY 10022-4834
  • USA
  • T +1.212.906.1607
  •  
 

Profile

Michelle Kelban, Global Co-Chair of the Real Estate Practice at Latham, advises on all aspects of commercial real estate law, with a particular concentration on highly structured capital raising and financing, acquisitions, joint venture recapitalizations and workouts and restructurings for both borrowers and lenders. She represents capital providers in a range of real estate transactional structures and is a “skilled and extremely competent” lawyer who is “very knowledgeable and service oriented” according to The Legal 500 US.

Ms. Kelban's practice includes handling:

  • Asset and entity level acquisitions and dispositions in respect of real estate based operating businesses
  • Single asset and multiple property portfolio financings for a range of property types and performing and non-performing loan assets
  • Mezzanine financings, preferred equity structures, equity investments, joint ventures, and equity recapitalizations
  • Workouts, restructurings, distressed and performing loan sales
  • Foreign investors with respect to all types of in-bound U.S. acquisitions, joint ventures, and financings

In 2020, Ms. Kelban was elected to the American College of Real Estate Lawyers, an invitation-only organization comprised of leading real estate lawyers across the US.

Experience

Ms. Kelban has significant experience with a range of property types such as:

  • Hotels and resorts
  • Casinos
  • Mixed use projects
  • Assisted living facilities and senior housing facilities
  • Office buildings

Ms. Kelban’s experience includes advising:

  • A private equity fund in the exercise of remedies in connection with a subordinated mezzanine loan secured by a 148 asset hotel portfolio located in 32 states and the transfer of such portfolio to the client, as lender, in lieu of a foreclosure
  • Real estate aspects of a preferred equity co-investment in Albertsons Companies, one of the largest food and drug retailers in the US
  • An institutional lender in multiple, highly structured loans secured by non-performing loans, performing loans, and portfolios of fee assets
  • A Middle Eastern investor in acquiring the Montage Beverly Hills
  • A Middle Eastern investor in acquiring the Intercontinental Barclay New York Hotel through a joint venture structure together with acquisition financing and construction financing and structuring for a major hotel renovation
  • An institutional lender in connection with a mortgage loan with a future advance component secured by 36 commercial real estate assets and a mezzanine loan secured by the equity interest in mortgage borrowers
  • A Middle Eastern investor in the purchase of the retail and hotel condominium components of a to be constructed trophy property in downtown Manhattan
  • A foreign investor in connection with the complex development joint venture, acquisition, pre-development and construction financing of One Wall Street, a landmarked office building located in downtown New York City
  • A private equity fund as borrower pledging large non-performing loan portfolios as collateral under multiple loan transactions

Thought Leadership

  • COVID-19: Due Diligence Considerations for M&A Transactions -  May 13, 2020
Ms. Kelban is “very creative when dealing with issues” in the real estate financing space. Clients say: “She stays personally involved to ensure all is done correctly, doesn’t delegate too much, and runs a lean team so matters are never overstaffed.”Chambers USA 2017
Bar Qualification
  • New York
Education
  • JD, George Washington University Law School, 2000
    with Highest Honors; Order of the Coif
  • BA, New York University, 1997
    magna cum laude with Honors; Phi Beta Kappa
Industries
  • Entertainment, Sports & Media
  • Hospitality, Gaming & Leisure
  • REITs
Practices
  • Real Estate