EUCHUNG UNG

PARTNER

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Euchung Ung offers unique insights and approaches to real estate investors, including operators and developers, on all aspects of real estate ownership, management, financing and development. With more than two decades of experience in the industry, he offers his clients practical and effective solutions for implementing their day-to-day goals as well as their long-term strategies.

Practices

About

Euchung represents hedge funds, private equity funds and other investors in their real estate investments through equity and debt investment structures, including through partnership, limited liability company and other joint venture investments, and through various tranches of secured and unsecured financing. He also advises on the formation of real estate funds and the public offering of real estate interests, as well as on public financing options for borrowers through bond and other similar loans.

Using a hands-on and collaborative approach, Euchung seeks to understand every aspect of his clients’ investment process and strategy and is readily available to counsel his clients on all aspects of their real estate investments, including purchases, sales, leasing, ownership, management, construction development, and financing of these investments. Over the years, his experience has covered all asset classes of real estate, including office buildings, retail malls, mixed-use developments, hotel and motels, residential developments, warehouses, manufacturing facilities, data centers, and agricultural and forestry land.

Previously, Euchung also represented clients purchasing and selling par and distressed assets in the secondary loan trading market, as well as foreign investors and governments in their U.S. real estate investments.

Education

Georgetown University (J.D., 1994)

Fordham University (LL.M. in International Trade and Business Law, 1991)
Graduate Research Fellow, (1990-1991)

University of London, England (LL.B., with honors, 1989)

Bar Admissions

2003, Connecticut

1994, New York

1990, England & Wales

Languages

Chinese (Mandarin)

Publications

Series on Real Estate Acquisition and Construction Financing

Co-Author, Lexis Practice Advisor, 2015

Entering into a Loan Workout with a Borrower

Co-Author, New York Law Journal, June 2012

Doing Business in the United States, an Overview for Food Service Companies (firm handout)

Insights

Unexpected Tax Consequences of Commercial Lease Modifications

 April 30, 2020

In a prior Kleinberg Kaplan client alert, we noted that COVID-19 related economic disruptions have caused both landlords and tenants to consider restructuring their commercial lease arrangements. Tenants that enter into discussions with landlords seeking rent relief may be successful. However, landlords and tenants should be aware that they could run into unexpected tax consequences in…

Landlords and Tenants Restructure Rent Obligations in Response to COVID-19

 April 22, 2020

Stay-home requirements in response to COVID-19 have left most commercial tenants unable to use their spaces, which more often than not has resulted in significantly reduced (or eliminated) income. Similarly, many landlords are facing reduced rent rolls with vacant space that cannot be filled, while certain operating expenses, taxes and debt service obligations still must…

Kleinberg Kaplan Attorneys Featured in Law360 Article on Largest First-Half Hotel M&A Deals

 July 23, 2019

Kleinberg Kaplan attorneys were recently featured in Law360‘s article on the Largest First-Half Hotel M&A Deals. Kleinberg Kaplan’s contribution includes the $420 million venture with GFI Capital Resources Group (“GFI Capital”) and Elliott Management Corporation (“Elliot”) to acquire the Parker Hotel in New York. Kleinberg Kaplan acted as counsel to both GFI Capital and Elliott.…