Lowndes Drosdick Doster Kantor & Reed, P.A.

Gary M. Kaleita

Office

215 North Eola Drive
Orlando, Florida 32801
Direct: (407) 418-6334
Office: (407) 843-4600
Fax: (407) 843-4444
gary.kaleita@lowndes-law.com

Gary M. Kaleita

Partner

Practice Areas

Specialty Practices/ Industries

Condominiums

Education

Admitted

Recognition

Professional Certification, Memberships and Activities

Professional Associations
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
Professional Certifications
Board Certified: Real Estate Law, Florida Bar Board of Legal Specialization and Education since 1993

Community Activities

University of Pennsylvania Alumni Club of Central Florida, Board of Directors
St. Andrew's Chapel
Wingfield North HOA, Inc., Director/Vice President

Publications and Lectures

Speaker, Lorman Educational Services: "Law of Easements: Legal Issues and Practical Considerations in Florida," and "Commercial Lending Requirements and Loan Documentation in Florida"
Real Estate and Business Law Columist, The Oviedo Voice
Contributing Author, Mondaq.com and JDSupra.com
Moderator - "Hanging On Or Letting Go?" Commercial Real Estate - Workout, Foreclosure and Receivership Strategies: The State of Today's Commercial Real Estate Environment
"Is the Doctrine of Caveat Emptor Dying in Florida?" January 2010, Financial Fraud Law Report

Representative Client Experience

Gary M. Kaleita is a shareholder in the law firm of Lowndes, Drosdick, Doster, Kantor & Reed, P.A. where he practices in the area of real estate development, finance and transactions, condominiums, commercial leasing, commercial lending and title insurance. With a wealth of expertise and experience in all aspects of sophisticated real estate transactions, he can bring a team of attorneys and paralegals to bear on virtually any real estate law problem.

Board-certified by The Florida Bar as a specialist in real estate law since 1993, Mr. Kaleita has handled purchases, sales and financings of numerous commercial and residential projects in Florida, including office, industrial, retail, multi-family, single-family, condominium, 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 worked on 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. Mr. Kaleita has also assisted developers with the selection, formation and operation of business entities, including commercial and residential property owners associations. He has extensive experience with the formation and operation of both commercial and residential condominiums.

During the past few years, Mr. Kaleita has handled a significant number of acquisitions on behalf of McKinley Inc. of busted and fractured condominium projects from both lenders and failed developers, as well as through foreclosure, during the course of which he has addressed issues associated with successor developer liability, condominium association reinstatement, elections, operations, turnover and condominium termination. He has also closed both bridge loans with private lenders and permanent loans with Freddie Mac for the financing of these projects.