Real Estate Practice Bolstered with Arrival of New Partner

Latham & Watkins’ real estate practice is strengthened with addition of new real estate finance partner  

New York, January 23, 2012… Latham & Watkins LLP is pleased to announce that David Broderick has joined the firm’s New York office as a partner in the Finance Department. Broderick has almost twenty years of experience handling complex real estate transactions representing private equity funds and financial institutions.  His practice focuses on all aspects of real estate finance, including mortgage and mezzanine origination, debt syndication, preferred equity, bridge financing and other structured financings, foreclosures and restructurings, private equity investments, and the restructuring and workout of intercreditor and co-lender arrangements as well as the negotiated resolution of disputes across the capital structures of a borrower.

“David has a strong reputation in the industry and fantastic relationships here in New York and globally,” said Jimmy Brandt, Office Managing Partner of Latham & Watkins in New York. “David adds additional depth to our team, and will be a tremendous asset for clients across the firm.”

James Hisiger, Global Co-Chair of Latham & Watkins’ Real Estate Practice Group, added: “David is a perfect addition to our global real estate group with broad expertise covering capital markets, corporate M&A, private equity investments, real estate development transactions and fund formations. Pairing his expertise with those of our colleagues in our preeminent private equity and financial institutions groups will provide clients with additional resources and expertise for their most complex real estate transactions. ”

“I am truly looking forward to joining the real estate team at Latham & Watkins,” said Broderick. “The firm’s global platform, deep expertise advising in the commercial real estate arena and significant strength in the private equity and financial services industries particularly, are the ideal complement to my practice.”

Broderick’s addition to the firm follows on the heels of new lateral partner Kevin Ehrhart, who recently joined the firm’s Los Angeles office. Ehrhart brings a highly regarded transaction real estate practice to the firm. In addition, a group of three prominent real estate partners who joined the firm in Chicago last March.  That group -- Robert Buday, Nathaniel Marrs and Gary Axelrod -- have more than 44 years of experience, collectively, with expertise in real estate private equity, REITs and private equity fund formation matters, with a particular focus on the hospitality, gaming and leisure sectors.

Broderick received his JD from Fordham University School of Law in 1992 and his BS degree from The American University in 1986.  Broderick, who previously served as Managing Director of Lehman Brothers Inc.’s Global Real Estate Group, joins Latham & Watkins from Allen & Overy LLP.