Eric Stern counsels real estate investors, owners and end-users in the acquisition, financing, restructuring, and disposition of office and industrial buildings, retail centers, hotels, development parcels, residential subdivisions, student housing projects, and other mixed-use properties. Real estate investment trusts (REITs), institutional lenders, national and regional retailers, and other corporate end-users are among his clients. Eric represents the nation’s largest developer, owner, and manager of high-quality student housing in transactions throughout the United States. In 2014 and 2020, Eric was recognized in a total of four transactions listed among Philadelphia Business Journal’s Deals of the Year. Eric led or co-led the firm’s real estate practice from 2004 to 2021.
Eric handles deals through the United States, with a particular presence in the Northeast and Mid-Atlantic states.
A frequent speaker and writer, Eric lectures on real estate issues to regional and national organizations, including the American Bar Association (ABA), the International Council of Shopping Centers, CLE International, Law Seminars International, the Philadelphia Bar Association, and the Pennsylvania Bar Institute. Eric has also been a frequent lecturer at The University of Pennsylvania Law School. He writes on commercial leasing and subleasing topics, including exclusivity of use, operating covenants, structuring sublease relationships, and obtaining landlord consents.
Eric is a member of the American College of Real Estate Lawyers (ACREL) and has held regional and national positions with real estate organizations. Eric was recently named “Lawyer of the Year” for Philadelphia Real Estate Law by The Best Lawyers in America (2016) and has been recognized by Chambers USA: America’s Leading Lawyers for Business and Best Lawyers since 2003. In 2014, The Philadelphia Business Journal honored Eric as one Philadelphia’s most influential real estate lawyers.
Recognized for 3 transactions listed among Philadelphia Business Journal's 2020 Deals of the Year
Fellow, American College of Real Estate Lawyers (2000–present)
Ranked, Real Estate, Philadelphia & Surrounds, Chambers USA (2022)
Ranked, Real Estate, Pennsylvania, Chambers USA (2003–2021)
Ranked, Chambers Global: The World's Leading Lawyers (2010)
Recommended, Real Estate, The Legal 500 US (2015–2021)
Recommended, Real Estate; Real Estate Investment Trusts (REITs), The Legal 500 US (2019)
Recognized, Real Estate Law, Philadelphia, The Best Lawyers in America (2006–2023)
Lawyer of the Year, Real Estate Law, Philadelphia, The Best Lawyers in America (2016)
AV Preeminent Peer-Review Rated by Martindale-Hubbell (2009–2022)
Recognized, Pennsylvania Super Lawyers (2004–2022)
Recognized, "Heavy Hitters of Real Estate," Philadelphia Business Journal (2014)
Recognized, Who’s Who Legal: Real Estate (2013–2021)
Member, Board of Directors, Central Philadelphia Development Corporation (2016-present)
Member, Editorial Advisory Board – Real Estate, Law360 (2012, 2014)
Member, Higher Education Real Estate Lawyers (HEREL) (2014–present)
Member, Advisory Board, Samuel Zell and Robert Lurie Real Estate Center, The Wharton School, University of Pennsylvania (2000–2016)
Member, National Association of Real Estate Investment Trusts (NAREIT)
Recognized, SmartCEO 2010 Legal Elite, Philadelphia, Legal Elite