DLA Piper advised Corum Asset Management, a European firm with over €8 billion in assets under management, in its first US real investment of a retail condominium in Manhattan.

With the investment, Corum enters the US market with CORUM USA, a dedicated SCPI (Société Civile de Placement Immobilier), a French fund structure similar to a REIT.

“We were pleased to advise Corum on this investment and are looking forward to supporting them with our industry-leading insights as they enter the US real estate market,” said Keith Greenberg, the DLA Piper partner who led the deal team.

“Corum is incredibly grateful for the unwavering support and high-level guidance from Keith and the entire DLA Piper team throughout this process, and we look forward to working with them as we pursue more US-based investment opportunities,” said be Yann Jegou, Senior Investment Manager of Corum.

In addition to Greenberg (Washington, DC), the DLA Piper acquisition team included partners Michael Haworth and Drew Young (both New York), John Sullivan (Boston) and Katie Lakoma (Chicago); senior attorney Damon Osborne (Washington, DC); and associates Chris Henry (Washington, DC) and Kentaro Murase (New York).

With approximately 200 real estate lawyers in the US and 500 globally, DLA Piper’s market-leading Real Estate practice offers a full range of real estate services, including acquisitions and sales, single asset, programmatic and operating company joint ventures, real estate fund formation, public and private REITs, financing, zoning and development, construction and design, leasing and restructuring and workouts. The firm executes hundreds of transactions every year, ranging from billon-dollar-plus transactions to the acquisition, financing, joint venture formation, leasing and sale of individual properties.