Steven Adelkoff has a diverse practice in real estate, structured finance and global capital markets, and energy and natural resources. He blends a practical application of finance, accounting, tax and legal principles to meet the needs of clients engaged in complex and structured domestic and international transactions. His clients range from international financial institutions to investment banks, investment managers, major real estate conglomerates and privately held companies.

Steve has a reputation as an innovator, a problem solver and a valued team member who provides strong decision analysis skills to help clients succeed.

Academics
	The Johnson School of Management, Cornell University (M.B.A, 2006)
	University of Pittsburgh School of Law (J.D., magna cum laude, 1988)
		Editor-in-Chief, The Journal of Law and Commerce
		Order of the Coif
	Rutgers University (B.A., 1985)

Admitted to Practice
	All Courts, Commonwealth of Pennsylvania
Professional Experience
	Investment Funds and Management. A significant portion of Steve’s practice centers on the formation and operation of investment funds of all strategies, and the acquisition and divestiture of fund assets. He is an international expert in the structuring of Shariah compliant investment vehicles, and is one of the architects of the Al Safi Platform, a Shariah compliant long/short platform.
	Energy and Natural Resource Industry. From international project financing for power generation to the legal and tax aspects of exploration for and development of natural resources, Steve has participated in a varied array of projects in the energy and natural resources industry. He has deep experience in the development and capitalization of renewable energy projects, and has participated in the development of over 400 MW of wind energy.
	Complex Real Estate Structuring. Steve has been on the cutting edge of the most sophisticated real estate leasing, acquisition and financing transactions. He pioneered innovations such as “black box” financing, a mezzanine finance technique previously used in the health care industry. He frequently advises on the Shariah aspects of real estate capital raising, joint ventures, acquisitions and operations.

Alerts/Updates
	Energy Policy Act of 2005, Energy Alert, by Steven J. Adelkoff, Jamie L. Burchianti Lopez, Renée Cavalovitch, Roger D. Stark. November 2005.
	New Developments in Pennsylvania’s Local Transfer Taxes, Real Estate Alert, by Blaine A. Lamperski, Raymond P. Pepe, Lisa R. Geisel, Steven J. Adelkoff. October 2005.
	Pennsylvania Enacts Alternative Energy Portfolio Standards Act, Energy Alert, by Steven J. Adelkoff, Renée Cavalovitch, Roger D. Stark. January 2005.
	FASB Defers the Effective Date for Interpretation No. 46 -Consolidation of Variable Interest Entities, Special Purpose Entities Alert, by Steven J. Adelkoff, Trisha Wetmore. October 2003.
	FASB Interpretation No. 46: Consolidation of Variable Interest Entities - An Overview, Special Purpose Entities Alert, by Steven J. Adelkoff. January 2003.
	Exposure Draft Regarding Interpretative Guidance on the Consolidation of Certain Special Purpose Entities, Special Purpose Entities, by Steven J. Adelkoff. August 6, 2002.
	Interpretative Guidance on Guarantor’s Accounting and Disclosure Requirements for Guarantees-An Overview, Special Purpose Entities Alert, by Steven J. Adelkoff. June 10, 2002.
	Interpretative Guidance on the Consolidation of Special Purpose Entities-An Overview, Special Purpose Entities Alert, by Steven J. Adelkoff. May 7, 2002.
Books
	Black Box Transactions, Chapter 10 of Synthetic Lease Financing: Keeping Debt Off the Balance Sheet, by Steven J. Adelkoff.
	Documenting a Synthetic Lease Transaction , The Practical Real Estate Lawyer, by Steven J. Adelkoff.
Presentations
	Attracting and Using Middle Eastern Money - Investing in Real Estate in a Shariah Compliant Way, presented on a CELESQ webinar, by Steven J. Adelkoff, Remsen M. Kinne IV, Jonathan Lawrence. June 23, 2009.
Professional and Community Activities
	Member, Allegheny County Bar Association