Press Release

Senior Real Estate Attorney Jeffrey J. Temple Joins Morrison & Foerster's New York Office

NEW YORK (November 30, 2004) Senior real estate attorney Jeffrey J. Temple has joined Morrison Foerster LLP as a partner in its New York real estate group, bolstering a busy commercial real estate practice that has helped drive some of the most prominent development finance activity this year.

Mr. Temple brings a sophisticated practice representing real estate investment fund sponsors, equity investors, developers, lenders and owners in a wide array of transactions in the U.S. and internationally. His practice has recently concentrated on the representation of U.S. investors making strategic real estate acquisitions and forming joint ventures with local partners in Europe and Asia. He joins Morrison & Foerster from White & Case, where he practiced for over 15 years.

"Morrison & Foerster offers an international platform for my practice with a group that is known worldwide," said Mr. Temple. "The firm has a historic commitment to real estate finance and an impressive group of top-flight attorneys already in place in major markets such as New York, Los Angeles and Tokyo. I look forward to growing my practice here while adding to the firm's depth in complex commercial real estate finance and development."

Among Mr. Temple's recent representations:

  • several prominent real estate private equity funds in connection with numerous joint ventures, acquisitions, dispositions and financings, relating to property in the United States, Europe and Asia, many of which involved complex, cross border, multi-jurisdictional structures
  • an opportunity fund sponsor in connection with several joint ventures, acquisitions and bids to acquire portfolios of commercial property and non-performing loans throughout Asia
  • a mezzanine fund sponsor in connection with several mezzanine debt and preferred equity investments
  • a major German bank in connection with acquisition of both subordinate and senior tranches of securitized loans
  • several banks and institutional lenders in connection with construction, permanent and mezzanine loans secured by large single assets and portfolios of commercial and multi-family properties

"We're very happy to have Jeff Temple come aboard and bring his first chair experience in high-end real estate finance, equity and joint venture transactions," said Mark Edelstein, who chairs the firm's real estate finance group. "We expect his practice to be of immediate benefit to our very active client base of developers, investors and institutional lenders."

Mr. Edelstein noted that Mr. Temple will be joining the New York group at a time when it routinely handles billions of dollars of real estate transactions. The group recently closed, on behalf of Bank of America and Bank of New York, $650 million in Liberty Bond construction financing for the $1.3 billion Bank of America Tower (One Bryant Park) on 42nd Street Bank of America's new headquarters building in New York. The group also just closed for JP Morgan Chase a $2 billion opportunity fund financing to LoneStar V and its affiliate, the largest financing of its type ever successfully completed.

Mr. Temple represents the third lateral move of a partner to Morrison & Foerster's New York office in as many weeks, noted Karen L. Hagberg, the New York managing partner. "The real estate group is one of a number of very active practices that we intend to continue expanding," she said. Earlier this month, the office added partners to its intellectual property, antitrust and litigation practice groups.

Morrison & Foerster chair Keith Wetmore added: "We're committed to growing our New York office by drawing talented, experienced attorneys in several significant practice areas. I'm pleased to welcome Jeff Temple to the firm. His real estate finance and private equity background as well as related corporate finance experience is a combination that will be of great benefit to our clients."

Mr. Temple received his J.D. in 1984 from The George Washington University National Law Center, where he was a member of the Law Review. He earned a B.A. cum laude from Bucknell University in 1981.

He is also active in pro bono matters, and has received several awards from The Legal Aid Society to recognize his assistance on major leasing transactions for the Society in New York City.




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