GARY M. KALEITA is a shareholder in the law firm of Lowndes, Drosdick, Doster, Kantor & Reed, P.A. (www.lowndes-law.com) where he practices primarily in the area of real estate development, finance and transactions, commercial leasing, commercial lending and title insurance. He has been with the firm since 1982 and is currently Chairman of the firm’s Opinions and Standards Committee.
In the area of real estate transactions, Mr. Kaleita has handled purchases, sales and financings of numerous commercial and residential projects in Florida, including office, industrial, retail, multi-family, single-family, resort, hotel and golf course properties. He has prepared and negotiated contracts for sale and purchase, performed due diligence investigations and handled all aspects of closings, including issuance of owner’s and lender’s title insurance. He has performed tax free exchanges (both forward and reverse) under Section 1031 of the Internal Revenue Code, and has handled closings for housing revenue bond financing transactions with the Florida Housing Finance Corporation and various local housing finance authorities.
As lender’s counsel, Mr. Kaleita has represented numerous Florida and out-of-state lenders making commercial loans secured by Florida real estate, drafted and negotiated loan documents, coordinated and conducted lenders' due diligence activities, including title and survey review, prepared and negotiated legal opinions, and conducted loan closings. He has also handled the purchase and sale of properties in foreclosure, loan workouts, and the sale of lender-owned real estate assets following foreclosure.
In the area of real estate development, Mr. Kaleita has assisted developers in obtaining land use approvals, plat approvals and permits for various developments from a number of jurisdictions in central Florida, including planned developments (PD’s) and developments of regional impact (DRI’s). He has drafted and negotiated complex land use documents, including development agreements, cost-sharing agreements, declarations of covenants, conditions, restrictions and easements. He also has significant experience in mall and shopping center developments, including outparcels. He has assisted developers with the selection, formation and operation of business entities, including commercial and residential property owners’ associations. He has extensive experience with both commercial and residential condominiums.
As a partner of long standing with the firm, Mr. Kaleita has a wealth of expertise and experience in all aspects of sophisticated real estate transactions, and can bring a team of attorneys and paralegals to bear on any real estate law problem faced by a client of the firm.
In additon to publishing articles at JDSupra.com, Mr. Kaleita has published in The Real Estate Finance Journal, Florida Real Estate Journal, Financial Fraud Law Report, The National Law Review, and Mondaq.com.
Professional Associations & Memberships
Seminole County Bar Association
The Florida Bar
American Bar Association
U.S. Navy Patrol Gunboat Association
U.S. Navy Supply Corps Foundation
Home Builders Association of Metro Orlando
Ivy League Business Advisory Council of Central Florida