Jason S. Rozes

Partner Philadelphia

Jason S. Rozes, a partner in Dechert's global finance practice, focuses his practice in the areas of commercial real estate finance and commercial mortgage securitization. Mr. Rozes represents U.S. and foreign investment banks, commercial banks, institutional lenders, REITs and private equity investors in a variety of real estate finance transactions, including large loan CMBS and balance sheet financings; permanent and bridge loan originations; mezzanine and other subordinate debt financings; construction loans; loan participations, syndications and other co-lender arrangements; and workouts and restructurings. Mr. Rozes is also an expert in the areas of ESG and sustainability in connection with green loans, C-PACE, green bonds and energy efficiency and climate risk disclosure laws and regulations. As part of his work in the ESG/sustainable finance field, Mr. Rozes is Co-Head of Dechert’s ESG & Sustainability practice and serves as a steering committee member of CREFC’s Sustainability Initiative.

Mr. Rozes has been consistently recognized in The Legal 500 US for his work in real estate finance law. He has been described by clients as "knowledgeable and experienced," and clients have noted that his "perseverance and dedication are commendable." Mr. Rozes is also recognized by Chambers USA in the real estate finance category for Pennsylvania which stated he, “goes above and beyond, is always available to discuss different issues and produces terrific and well-received presentations”. Mr. Rozes was named a “Working Father of the Year” in 2023 by Seramount for securing professional success while maintaining a sustainable work/life balance.

Mr. Rozes led the firm’s commercial real estate lending team from 2021-2023, served as a leader of the firmwide Diversity, Equity and Inclusion Program and was co-hiring partner for Dechert's Philadelphia office from 2011-2014. He also completed Harvard Law School's Executive Education program, “Emerging Leaders in Law Firms,” which is designed for experienced partners taking on law firm management roles. In addition, Mr. Rozes is a member of the Climate Reality Project’s Leadership Corps where he writes about the intersection of climate change and commercial real estate finance. Mr. Rozes is also a member of the Board of Directors of Esperanza Immigration Legal Services, a non-profit organization based on Philadelphia.

A US bank syndicate in connection with US$340 million financing secured by four luxury hotels located in New York, New York, Santa Barbara, California and Los Cabos, Mexico, where the loan was later securitized in a pool transaction.
A US and European bank syndicate in connection with US$675 million refinancing secured by 43-story class A office building located in New York, New York, where the loan was later securitized in a single-asset, stand-alone transaction.
A US and European bank syndicate in connection with US$440 million refinancing secured by residential/retail mixed-use property located in New York, New York, where the loan was later securitized in a single-asset, stand-alone transaction.
A US bank in connection with US$175 million mortgage and mezzanine financing secured by single-tenant retail building located in New York, New York, where the mezzanine loan was later sold to a third-party US financial institution.
A US and European bank syndicate in connection with US$760 million acquisition financing secured by five regional shopping malls located in Ohio, California and Washington, where the loan was later securitized in a single-asset, stand-alone transaction.
A US and European bank syndicate in connection with US$1.4 billion refinancing secured by a super-regional shopping mall located in Minnesota, which has been publicly recognized as the number one shopping destination in the United States.
A European financial institution in connection with purchase of US$61.5 million pari-passu interest in US$127 million financing secured by mixed use office and retail property located in Florida.
A US bank in connection with purchase of US$75 million pari-passu interest in US$398.9 million financing secured by 113 industrial properties located in California, Colorado, Georgia, Illinois, Kansas, Kentucky, Ohio, Oregon and Texas.
A US and European financial institution syndicate in connection with US$155 million loan secured by a hotel-casino resort complex located in Aruba, where the loan was later participated and a portion was securitized in a pool transaction.
A US bank in connection with US$85 million acquisition financing secured by hotel resort property located on Paradise Island, Bahamas.
A US bank in connection with New York law structured finance issues pertaining to origination of £330 million pound sterling financing of 20 hotels and conference centers located in the United Kingdom.

Includes matters handled at Dechert or prior to joining the firm.

SEC Passes Gentler Climate-Risk Rules — Commercial Mortgage Alert (March 8, 2024)
Through the Green Looking-Glass: A Lender's Guide to New York City's Local Law 97 — Lexology (reprint - October 5, 2023)
Real Estate Lenders Consider Refusing Loans on ESG Grounds — FUNDfire (October 4, 2023)
C-PACE Shop Targets Other Lenders — Commercial Mortgage Alert (May 12, 2023)
SEC's ESG, Climate Rules Stir Up Questions for Real Asset Managers — FUNDfire (March 1, 2023)
Regulatory Round-up: Climate Risk Exposures — SEC, Congress, Commercial Mortgage Alert (January 6, 2023)
Regulatory Round-up: Climate Risk Disclosures — SEC, Congress, Commercial Mortgage Alert (August 19, 2022)
CREFC Advances Climate Agenda — Commercial Mortgage Alert (April 2022)
Opening Seen for C-PACE Allowances — Commercial Mortgage Alert (May 2021)
My Weekday Workout: 'On Those Difficult Mornings, I Think of the Saying "The Worst Workout Is the One You Don’t Do,"' Says Jason Rozes of Dechert — Law.com (May 2021)

All Eyes on California’s “First-in Nation”: Climate Disclosure Requirements — Hosted by CRE Finance Council's Sustainability Initiative, Webinar (April 4, 2024)
Afternoon Keynote Interview with Brooke Guven, Head of ESG and Sustainability and Managing Director at Cerberus Capital Management — iGlobal Forum, New York, NY (October 10, 2023)
ESG: Current Talking Points in the U.S. and the UK/EU — Dechert Webinar (May 16, 2023)
Financing Sustainability: Cracking the C-PACE Code — CRE Finance Council's Sustainability Summit 2023, New York, NY (May 2, 2023)
NYC's Carbon Emissions Law: Lessons Learned So Far and the Countdown to 2024 — CRE Finance Council's After-Work Seminar, New York, NY (December 1, 2022)
Climate, Courts, and CRE: Will the SEC Climate Rule Survive? — Hosted by CREFC's Sustainability Initiative, Webinar (October 21, 2022)
Will C-PACE Make CRE Greener? An Assessment and Forecast — Hosted by CREFC's Sustainability Initiative, Webinar (April 13, 2022)
Climate Change and the Commercial Real Estate Industry — Pennsylvania Bar Institute's Real Estate Institute 2021, Virtual Conference (December 3, 2021)
ESG and the Capital Markets — NYU's 54th Annual Capital Markets Conference, New York, NY (November 16, 2021)
Climate Change 101 – Science and Physical Impacts on Planet Earth — CRE Finance Council Annual Conference, Virtual Conference (June 17, 2021)
Great Expectations: Achieving ESG Objectives in CRE — CRE Finance Council Annual Conference, Virtual Conference (June 16, 2021)
Climate Change – Science and Physical Impacts on Planet Earth – Part 2 — CRE Finance Council, Webinar (May 26, 2021)
Beyond the Acronyms: What ESG Means for the CRE Markets — CRE Finance Council, Webinar (April 30, 2021)
Climate Change – Science and Physical Impacts on Planet Earth – Part 1 — CRE Finance Council, Webinar (April 14, 2021)
Negotiating Reserve Provisions in Real Estate Loan Transactions — Strafford, Webinar (February 8, 2017)
Structural Considerations for Ground Lease Financings: What Lenders Want and Why — PBI's 20th Annual Real Estate Institute, Philadelphia, PA (December 9, 2016)
Follow the Money! Negotiating Cash Management Waterfalls and Reserves in Complex Real Estate Finance Transactions — PBI's 18th Annual Real Estate Institute, Philadelphia, PA (December 4, 2014)
Commercial Real Estate Mezzanine Lending: Current Structural Features, Loan Document Concepts and Intercreditor Issues — PBI's 17th Annual Real Estate Institute, Philadelphia, PA (December 5, 2013)
Post-Closing Obligations in Complex Real Estate Transactions - Dechert Webinar (May 14, 2013)
CMBS 2.0 Commercial Real Estate Loans in 2012: Issues, Trends & Observations — PBI's 16th Annual Real Estate Institute, Philadelphia, PA (December 5, 2012)
Building the Capital Stack for Commercial Real Estate in 2012 and Beyond: The New Normal — Pennsylvania Bar Institute, Philadelphia, PA (April 23, 2012)
Refinancing Commercial Loans in 2011: Problems, Pitfalls and Opportunities — PBI's A Day on Real Estate, Philadelphia, PA (August 2, 2011)
Refinancing Commercial Loans in 2011: Problems, Pitfalls and Opportunities — 14th Annual Real Estate Institute Meeting, Philadelphia, PA (December 3, 2010)
Entrepreneurship Legal Clinic — Presented by The University of Pennsylvania, Philadelphia, PA (November 1, 2010)
Building a Better or Just a More Complicated Loan? — MBA Special Interest Conference, Chicago, IL (May 4, 2005)

CRE Finance Council (CREFC)
Mortgage Bankers Association (MBA)
Climate Reality Project Leadership Corps

Office

Philadelphia

Cira Centre, 2929 Arch Street, Philadelphia, PA, United States of America 19104-2808

+1 215 994 2830
+1 215 994 2222

Services

Global Finance

Commercial Real Estate Finance

Real Estate

Commercial Mortgage-backed Securities

ESG for Lenders and Borrowers

Warehouse and Asset-Based Financing

Education

Stanford University, B.A., 1995
Boston College Law School, J.D., 1998, cum laude, Senior Production Editor of the Boston College International and Comparative Law Review

Admission

New York
Pennsylvania