Chapman served as counsel to Summit Gold Inc., a global real estate investment company, in a successful bid for a portfolio of 93 rent-stabilized properties containing approximately 5,150 units across New York City. The United States Bankruptcy Court for the Southern District of New York confirmed the Chapter 11 liquidation plan for the Broadway Realty 1 Co., LLC and 81 affiliates wholly owned by Zarasai Group Limited, and approved the $451 million sale to Summit Gold Inc. The transaction represents one of the largest sales of rent-stabilized properties in New York City since 2019. The Chapman team was led by partners Michael Friedman, Eric Silvestri, and Michael Twersky and associate Yuliya Zahoroda.
