Co-leader of New York Office Real Estate Markets

David Stewart

Real Estate


Clients in the real estate industry turn to David Stewart for his counsel on real estate finance matters, with a particular focus on secured lending and loans in the secondary market, including the purchase of CMBS "B" pieces. He represents lenders, including banks, finance companies and funds, in a broad range of property finance transactions, including origination of mortgage and mezzanine loans, purchase and sale of the lender's interest in those loans, and division of debt stacks into senior/subordinate structures. 


Junior Debt Transactions


  • AustralianSuper in $121M purchase of CMBS risk retention piece and simultaneous purchase of $570M mezzanine loan, all backed by a national logistics portfolio.
  • Oaktree in $160M purchase of B note and CMBS junior tranche back by office portfolio.
  • Clarion Partners in $30M origination of parallel loans on Boulder, CO student housing complexes.
  • Western Asset Management Company in $250M purchase of CMBS risk retention piece on San Francisco, CA apartment complex.


  • University of Oxford, MBA
  • Columbia Law School, JD
    Harlan Fiske Stone Scholar
  • Columbia University, BA, magna cum laude
    Phi Beta Kappa


  • New York