Church Real Estate


Practice Group Leader: Stacie Trott


Overview

The Church Practice Group represents churches, religious organizations, and developers within real estate. The firm has combined its real estate and non-profit expertise to add value in situations where Churches or other religious institutions have real estate they can benefit from monetizing. The firm is very knowledgeable in areas that are needed in transactions involving Churches and other religious institutions.  These areas include:

  • Development

  • Air Rights / Zoning / Land Use

  • Tax Issues

  • Non-Profit Law

  • Understanding Church issues               

  • Joint Ventures

  • Complex Deals

The firm has already been involved in numerous transactions involving churches and developers.  Examples of these are:

  •  Aborted acquisition of Manhattan Eye Ear and Throat Hospital;

  • Acquisition of property in Harlem owned by Mount Holiness Church

  • Temple Tikvah (Long Island):  Sale of extra building following merger

  • North Shore Synagogue (Long Island): Sale of extra building following merger

  • St. Thomas Church (Manhattan): worked with Fried Frank/obtained Court approval of sale of air rights

  • Church of St. Lukes (Episcopal Church in Greenwich Village): lease agreement with school which was spun off from Church

  • HASC (a Jewish religious corporation based in Brooklyn): purchase of building from East Ramapo school district

The practice group is chaired by Real Estate partner, Stacie Trott.  Other members include Tax Exempt Organizations Chair, David Samuels and Land Use Practice Chair, Robin Kramer.

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