Adam Salis
FOUNDER
Adam Salis is a shareholder and founder of Salis Law. Mr. Salis brings almost 30 years of experience to his practice as a transactional real estate attorney, combining his skills as a legal practitioner with practical experience in the real estate industry obtained from his years outside of the practice of law. His work experience runs the gamut of the real estate life cycle, having served as an acquisitions manager, special assets loan officer, REO portfolio manager and managing partner of a syndicate that owned and managed a portfolio of shopping centers located in Southern California.
Mr. Salis’ skills and experience enable him to advise his clients on a wide range of real estate matters, including:
- Standard commercial real estate transactions, including leases, purchases and sales.
- New commercial developments, including site acquisition and due diligence, subdivision and entitlements, preparation of CC&Rs and negotiation of construction financing and related documentation.
- Representation of financial institutions in bridge, mezzanine, construction and permanent loan originations, workouts, receiverships and nonjudicial foreclosures.
- Environmental risk management, including use of indemnifications and insurance as risk allocation tools.
- Creation of affordable housing programs, including negotiation of affordable housing agreements and related documents.
- Real estate joint ventures and syndications
- Partnership workouts and dissolutions.
- Distressed asset transactions, including purchase and sale of individual notes and note portfolios.
- Negotiation of telecommunications leases.
- EB-5 Financing
Prior to forming Salis Law, Mr. Salis was a real estate partner at Manatt, Phelps & Phillips LLP. He also previously served as a Senior Asset Manager with Archon Group, a wholly owned subsidiary of Goldman, Sachs & Company, where he managed a residential and commercial real estate portfolio of both debt and equity assets.
Commercial Real Estate
Handled all leasing and development work for “90,000-square-foot” anchored retail center. Legal work included assisting developer in assembling five different parcels and executing simultaneous land swaps with CalTrans and City of Chino Hills.
Negotiated and closed acquisition of $120 million portfolio of office buildings located in Sacramento, California.
Represented national owner of cell site locations in restructuring various cell site leases in California.
Negotiated workout of participated credit facility secured by golf course development in Tucson, Arizona.
Negotiated workout of securitized loan secured by retail center in San Diego, California.
Negotiate conduit loan and mezzanine loan for acquisition of multitenant office building in Santa Monica, CA
Represent major bank in construction and EB-5 junior financing of new R&D building on the campus of Harbor UCLA Medical Center
Residential Real Estate
Negotiated and closed sales of finished residential lots to merchant builders for “500-plus-lot” master-planned community in the West San Fernando Valley.
Represented sponsor in assembling land for entitlement of 123-lot residential subdivision in Inland Empire, including preparation of operating agreement and entitlement work.
Represented national bank in documenting a $30 million revolving construction loan facility for San Diego-based homebuilder.
Healthcare
Represented national healthcare operator in acquisition of seven skilled nursing facilities throughout California.
Negotiated master lease of nine skilled nursing facilities in Indiana, Illinois, Ohio and Nevada.
Represented national healthcare REIT in sale of five hospitals and a long-term acute care facility located in Southern California.
Partnership
Prepared joint venture agreement between New York hedge fund and local sponsor for acquisition of shopping center in Diamond Bar, California.
Represented three real estate partnerships in workouts with original general partner, including negotiations with partnership creditors and investors in other affiliated partnerships.
Documented partnership dissolution of real estate investment company involving “drop and swap” 1031 exchanges for its members.
Environmental
Negotiated complex environmental remediation agreement between buyer and seller involving land in Newport Beach, California.
Represented major oil company in negotiating sale of contaminated former retail gas station sites.
- Southern California Super Lawyer, Real Estate, 2014-2019.
- Top Rated Lawyer, Avvo.
- Founder and past Chairman of the Commercial Real Estate Division of the Jewish Federation of Orange
- Former member of the Board of Directors of Goodwill Industries of Orange County.
- Real Estate
- Corporate Formation
- University of California, Los Angeles, School of Law, J.D., 1989.
Associate Editor, UCLA Law Review. - University of California, Berkeley, B.A., 1986.
- State Bar of California.