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David S. Blum
Philadelphia Office

123 South Broad Street
Avenue of the Arts
Philadelphia, PA 19109

P: 215-772-7534
F: 215-731-3651

Biography

David S. Blum serves as co-chair of the firm’s Real Estate practice group. He represents property owners, developers, investors and leasing and institutions in acquisition and sales transactions, debt and equity financing, leasing and condominium creation and in matters involving property ownership, development and management. David routinely represents multifamily, commercial and retail projects.

In the area of real estate finance, David represents 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. He also represents multifamily, commercial and retail owners and developers in connection with construction and permanent financing transactions, including transactions involving tax increment financing (TIFs) for public-private projects, tax exempt financing and securitized loan transactions. He also has extensive experience in loan workouts and restructurings and in the acquisition and disposition of real estate asset portfolios involving distressed properties and debt.

David’s practice also involves representation of institutional, entrepreneurial clients, including architects, brokers, and nonprofit organizations, in transactions involving the creation of corporations, partnerships and other business enterprises; purchase and sale of real estate and business assets; development and lease of office and programmatic space; resolution of lease disputes; and analysis of zoning, code compliance and assessment issues.

Selected Representations

  • Represented a publicly traded industrial corporation in connection with the repositioning of a substantial portion of a manufacturing facility involving the creation of a condominium regime, disposition of assets, negotiation of utility and access easements, ground and space leases and shared services arrangements
  • Represented a national money center bank in connection with the lease of over two dozen in-line and stand-alone branch facilities
  • Represented a regional banking institution in real estate construction and acquisition loans, commercial loans and loan workouts
  • Represented two closely held corporations in connection with the sale of urban industrial buildings for adaptive reuse for multifamily residential and retail use
  • Represented a consortium of physicians in the development, leasing and management of a suburban medical office building
  • Represented a public corporation in connection with the acquisition of a portion of a former naval base for development of an intermodal transportation facility
  • Represented a nonprofit membership organization in connection with the sale of its corporate headquarters and fleet maintenance facility, the negotiation of a build-to-suit lease for its new corporate headquarters and the negotiation of space lease for its multiple new call centers, operational offices and fleet maintenance facilities
  • Served as special counsel to a municipality in matters involving the development and financing of multimillion dollar public stadiums
  • Served as counsel to a local college in connection with the establishment of a professional tennis facility
  • Served as counsel to a regional bank in connection with the negotiation and closing of construction financing for a golf course development

Selected Publications

Community Involvement

  • The Walnut Street Theatre, vice president
  • St. Christopher’s Hospital for Children, board of governors
  • Temple University Beasley School of Law, adjunct professor
  • St. Peter’s School, vice president of the board of trustees (2003-2016)
  • Avenue of the Arts, Inc., secretary and former co-president
  • Philadelphia Art Alliance, trustee
  • Action AIDS, Inc., former president of the board of directors
  • Democratic committeeperson in the Fifth Ward of the City of Philadelphia
  • Former lecturer for Temple University’s Real Estate Institute Continuing Education Courses

Professional Activities & Achievements

  • American Bar Association
  • Philadelphia Bar Association
    – Real Estate Section

Academic Achievements

David received his J.D. from Boalt Hall School of Law, University of California, Berkeley and graduated, magna cum laude, with a B.S. from Georgetown University.