Michael Schecter

Michael Schecter Email and Phone Number

EVP, General Counsel and Chief Administrative Officer @ Morgan Properties
Michael Schecter's Location
Bethesda, Maryland, United States, United States
Michael Schecter's Contact Details
About Michael Schecter

I am the EVP, General Counsel and Chief Administrative Officer at Morgan Properties, a private multifamily commercial real estate firm. Morgan Properties is the second largest multifamily property owners in the United States and is the premier owner/operator of Class B/workforce housing in the Mid-Atlantic region. We own over 90,000 apartments, two-thirds of which are in joint ventures. Our typical joint venture partners are large institutional investors, such as private equity firms, as well as large family offices. Together with our joint venture partners, we are also a significant investor in mortgages secured by multifamily debt. We are one of Freddie Mac's preferred B Piece buyers.At Morgan Properties, in addition to managing the legal department I oversee the leaders of our IT, HR and Risk Management Departments. I also play a key role in structuring and implementing all joint ventures, acquisitions, financings, dispositions, material litigation and I sit on the key management and investment committees. Prior to Morgan Properties, I was one of the four founders of, and the General Counsel at DiamondRock Hospitality Company, a New York Stock Exchange listed company. We began DiamondRock with no capital or assets and, as a key executive, I helped conduct an initial "blank check" $210MM private placement, followed by an initial public offering and four follow-on equity offerings. I was able to institute robust corporate controls and create a conservative corporate culture that enabled the Company to be well respected by analysts and advisors. Our corporate governance and disclosure regularly received high marks from stock analysts, including Green Street Advisors, and from Risk Metrics.I have a broad skill set including securities laws, corporate governance, corporate finance, real estate transactions, joint ventures and REIT compliance.Specialties: joint ventures, mergers and acquisition, initial public offerings, finance, corporate governance, securities.

Michael Schecter's Current Company Details
Morgan Properties

Morgan Properties

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EVP, General Counsel and Chief Administrative Officer
Michael Schecter Work Experience Details
  • Morgan Properties
    Evp, General Counsel And Chief Administrative Officer
    Morgan Properties Aug 2011 - Present
    King Of Prussia, Pa, Us
    I manage the legal department and play a key role in all joint ventures, acquisitions, financings, dispositions, material litigation and I am on the management and investment committees.
  • Diamondrock Hospitality Company
    Evp, General Counsel And Corporate Secretary
    Diamondrock Hospitality Company May 2004 - Dec 2009
    One of four founders of DiamondRock Hospitality Company (NYSE: DRH) and member of the Executive Committee that formulated all aspects of acquisition, disposition and capital markets strategies and approved all material transactions. Provided counsel on all aspects of DiamondRock's business and helped guide the company from its formation through becoming a New York Stock Exchange listed Real Estate Investment Trust, owning 20 hotels with an aggregate acquisition value in excess of $2 billion. Served as chief risk officer and chief compliance officer. Responsibility for all aspects of the administration of DiamondRock's headquarters, including technology, securing office space, and human resources, including key role in designing executive compensation programs. Experience included:Sole responsibility for compliance with the U.S. securities laws. Shared responsibility with the Chief Financial Officer for all SEC disclosure and supported the accounting group in ensuring compliance with the Sarbanes-Oxley. Regularly advised the Board of Directors on corporate governance matters.Shared responsibility with Chief Operating Officer for handling all aspects of due diligence and personally handled all negotiations on all acquisitions and dispositions. Personally negotiated all hotel management and franchise agreements.Shared responsibility with Chief Financial Officer for negotiating all loan documents and ensuring that the Company was in compliance with such loan documents.Sole responsibility for all aspects of Company's formation, including corporate formation, obtaining office space, procuring IT systems, creating website content and implementing employee health and benefits programs. Shared responsibility with Chief Financial Officer for REIT compliance. Prior to formation, was unfamiliar with the complex tax rules governing REITs; quickly mastered the relevant aspects of the tax law in order to properly structure transactions .
  • Marriott International, Inc
    Senior Counsel
    Marriott International, Inc Jun 1998 - May 2004
    In-house transactional attorney with responsibilities including joint ventures, mergers and acquisitions, private equity investments and corporate and project finance. Successful at completing high stakes transactions involving complicated legal, accounting and tax issues. Experience included:Led Marriott's legal team in the acquisition of four facilities that produced coal-based synthetic fuel that qualified for tax credits under Section 29 of the Internal Revenue Code. Led Marriott's legal team in the sale of substantially all of the assets of Marriott's wholesale foodservice distribution division, including selling the assets associated with nine distribution centers to five separate purchasers and negotiating satisfactory termination agreements with all of the major third-party customers of the division.Responsible for negotiating (or litigating) with a party who was attempting to interfere with the sale of Marriott's Senior Living Services business. After negotiations broke down, developed the facts and legal arguments and supervised external litigation counsel who successfully obtained a temporary restraining order and a preliminary injunction in Maryland restraining the other party from attempting to terminate a core group of operating agreements that were part of the assets being sold and persuaded a trial court (and the state Supreme Court) in Massachusetts to decline to grant to the other party a preliminary injunction, thus permitting the $300 million sale to progress.Developed idea for a law clarifying the legal validity of the management agreements that are at the core of Marriott's business, developed legal theory and individually lobbied the Maryland legislature, which then passed the statute.
  • Sullivan & Cromwell Llp
    Associate - General Practice Group
    Sullivan & Cromwell Llp Oct 1991 - Jun 1998
    Manhattan, Nyc, Us
  • Melbourne University & Monash University
    Guest Lecturer
    Melbourne University & Monash University Feb 1995 - May 1996
    Co-designed and co-taught a graduate course entitled Equity Finance; at Melbourne University in Victoria, Australia. The focus of the course was U.S. securities regulations and the international capital markets. Guest lectured at Monash University's Melbourne campus on concerns for Australian lawyers raised by the extra-territorial application of the U.S. securities regulations.
  • U.S. 11Th Circuit Court Of Appeals
    Law Clerk
    U.S. 11Th Circuit Court Of Appeals Aug 1990 - Aug 1991
    Was honored to clerk for Judge Johnson on the U.S. Court of Appeals for the Eleventh Circuit. Judge Johnson decided many landmark civil rights cases brought in Alabama, including, among others, the Rosa Parks case, the Montgomery to Selma march and the desegregation of the schools in central Alabama.

Michael Schecter Education Details

  • Cornell Law School
    Cornell Law School
    Jd
  • Bates College
    Bates College
    History

Frequently Asked Questions about Michael Schecter

What company does Michael Schecter work for?

Michael Schecter works for Morgan Properties

What is Michael Schecter's role at the current company?

Michael Schecter's current role is EVP, General Counsel and Chief Administrative Officer.

What is Michael Schecter's email address?

Michael Schecter's email address is ms****@****hoo.com

What is Michael Schecter's direct phone number?

Michael Schecter's direct phone number is +154033*****

What schools did Michael Schecter attend?

Michael Schecter attended Cornell Law School, Bates College.

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