Professional Experience:

David S. Blum is a partner in the Business Department and chair of the Real Estate Section of Montgomery, McCracken, Walker & Rhoads, LLP. Mr. Blum represents investors, property owners, developers, business owners and lending institutions in a wide variety of real estate matters involving acquisition and sales transactions, debt and equity financing, leases, condominium creation and other issues involving property ownership, financing, development and management.  He routinely represents owners and developers of single family developments, apartments, office buildings, and shopping centers, and works with banks in a variety of real estate acquisition and construction loans, commercial loans and loan workouts and restructurings involving real estate and business assets. He assists clients involved in the acquisition and disposition of real estate asset portfolios involving distressed properties and distressed debt portfolios and in bankruptcy sales. Mr. Blum also frequently represents non-profit organizations and other business entities in a variety of matters related to their ownership and operation of real property, including zoning, code compliance, and real estate tax exemptions.

In the area of real estate finance, Mr. Blum has worked on behalf of regional banks, private finance companies, and conduit lenders in structuring, negotiating, and closing hundreds of real estate acquisition and construction loans, including loans to finance condominium and shopping center developments, life care and continuing care facilities and public-private projects, including transactions involving tax increment financing (TIFs) and tax exempt financing. He has also represented property owners and businesses in securitized loan transactions for residential and commercial properties and in other sophisticated project finance transactions. 

A sizeable portion of Mr. Blum's practice involves representation of individual and entrepreneurial clients, including architects, brokers and physicians, in a variety of business transactions involving the creation of corporations, partnerships and other business ventures, the purchase and lease of office and programmatic space, the resolution of contract and lease disputes, the negotiation and closing of debt and equity financing, and the purchase and sale of assets and businesses.

Mr. Blum's recent engagements include: representation of a publicly traded industrial corporation in connection with the marketing and sale of a substantial portion of a manufacturing facility involving the creation of a condominium regime, negotiation of various utility and access easements, ground and space leases and shared services arrangements; representation of a national money center bank in connection with the lease of over two dozen in-line and stand-alone branch facilities; representation of a regional banking institutions in real estate construction and acquisition loans, commercial loans and loan workouts; representation of two closely held corporations in connection with the sale of industrial buildings for adaptive reuse for multifamily residential use; representation of an institutional real estate investor in connection with due diligence activities in connection with its negotiation of the purchase of distressed real estate assets; representation of a consortium of physicians in connection with the acquisition, development, leasing and management of a suburban medical office building; representation of a public corporation in connection with the acquisition of  a portion of a former naval base for development of an intermodal transportation facility; and representation of  a developer in connection with the creation of an inner city condominium development. Mr. Blum also has served as special counsel to a municipality in matters involving the development and financing of multimillion dollar public stadiums, as counsel to a local college in connection with the establishment of a professional tennis facility, and as counsel to a regional bank in connection with the negotiation and closing of construction financing for a golf course development.

Professional and Community Associations:

Mr. Blum is also active in the community.  He is treasurer of The Walnut Street Theatre, vice president of the Board of Trustees of St. Peter's School, and treasurer of Avenue of the Arts, Inc.  He has served as co-chair of the Board of Directors of Avenue of the Arts, Inc. and as president on the Board of Directors of Action AIDS, Inc. and  is a Democratic Committeeperson in the Fifth Ward of the City of Philadelphia.  Mr. Blum has lectured for Temple University's Real Estate Institute Continuing Education Courses.  He is a member of: the American Bar Association; Philadelphia Bar Association, Real Estate Section; and the American Land Title Association.

Admitted to Practice:

Mr. Blum is admitted to practice in Pennsylvania and in the United States District Court for the Eastern District of Pennsylvania.

Education:

Mr. Blum graduated magna cum laude with a B.S. from Georgetown University in 1980, and he received a J.D. from the Boalt Hall School of Law, University of California, Berkeley in 1983.