Chapman served as counsel to Summit Gold Inc., a global real estate investment company, in its successful purchase of a portfolio of 93 rent-stabilized properties containing approximately 5,150 units across New York City. The $451 million purchase was consummated in connection with the Chapter 11 liquidation plan for the Broadway Realty 1 Co., LLC and 81 affiliates wholly owned by Zarasai Group Limited that was previously confirmed by the United States Bankruptcy Court for the Southern District of New York. 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, Michael Twersky, and Eric Silvestri, senior counsel Lauren Wyler, and associate Yuliya Zahoroda.
