Theo Seltzer is a partner in the firm’s Real Estate Group. Theo’s practice focuses on the representation of U.S., Japanese, and other global institutional investors in the acquisition, financing and disposition of real estate, including cross-border equity and debt financing, fund formations, development projects, data centers, hotels, and distressed loan portfolio acquisitions.

Theo has been consistently ranked as one of the leading U.S. Real Estate lawyers in Japan, including by Chambers Asia-Pacific, The Legal 500 Asia Pacific, and The Best Lawyers in Japan. Most recently, he has been named Lawyer of the Year for Real Estate Law in the 2025 edition of The Best Lawyers in Japan. 

Theo is ranked Band 1 for Real Estate in Japan in Chamber Asia-Pacific's 2024 edition.

Chambers Asia Pacific's 2011-2020 editions named Theo a "Star Individual" for Real Estate in Japan. He is also listed in the elite Hall of Fame category for Real Estate in Japan in The Legal 500 Asia Pacific's 2024 edition.

Theo’s projects include:

• Representing Blackstone in its acquisition of certain Daiwa House’s logistics centers in Japan. The transaction was awarded Real Estate Deal of the Year by Asian Legal Business (ALB) Japan Law Awards 2021.
• Representing Asia Pacific Land, who led an international consortium of investors, in the acquisition of the Tokyo Shiba Park Building. As of the closing, this was considered the largest single asset transaction in Japan since the Global Financial Crisis. The transaction was awarded Asia Deal of the Year by the Global PERE (Private Equity Real Estate) Awards 2013.
• Representing global funds in connection with their acquisitions of performing, sub-performing and non-performing loan pools and bonds, including acquisitions from the Lehman bankruptcy estate.
• Representing a global real estate/private equity fund in their investment in connection with the ¥150 billion sale and leaseback of 184 Japan dealership outlets of Mitsubishi Fuso Truck and Bus Corporation, one of the largest sale-leaseback transactions in Japan to date.
• Representing a global financial institution in the workout of their debt position in the ANA Hotel portfolio.