Marianne F. Adriatico practices in the areas of common interest development, land use, commercial lending and real estate transactions. Ms. Adriatico has extensive experience representing developers and builders in the structuring of master planned, mixed-use and condominium projects and their regulation by the California Bureau of Real Estate. She regularly advises clients consisting of developers, investors, lenders and entrepreneurs in most transactional aspects of their real estate businesses, including acquisitions, dispositions, and leasing, entity formation and governance, and construction contracts. A portion of her practice focuses on the financing and lending aspects of residential and commercial acquisition, development and construction. She also advises in the areas of environment planning, including compliance with the California Environmental Quality Act, the National Environmental Protection Act, and state and federal endangered species acts.

Ms. Adriatico has experience drafting and structuring franchise agreements and advises on franchise disclosure documents.

Ms. Adriatico is a 1999 graduate of the University of California, Hastings College of Law, and a magna cum laude graduate of the University of California, Los Angeles.

Representative Matters

  • Represented Milan Capital Management, based in Anaheim, CA, on all land use work related to a major Oceanside shopping center renovation project, which includes demolition and construction of four new buildings totaling 116,000 square feet of space, including an 83,000 square-foot grocery store.
  • Represented an operator of premier vacation home properties in a $10 million acquisition of a Missouri tourism center.
  • Represented VEREIT, Inc. (NYSE: VER) (formerly American Realty Capital Properties, Inc.), a NYSE-traded real estate investment trust (REIT), in a merger transaction valued at $3.1 billion to acquire American Realty Capital Trust IV, Inc., a "non-traded" REIT. The combined company as a result of the merger will have pro forma enterprise value of over $10 billion and is the largest REIT in the triple net lease sector.
  • Represented a theme park in the acquisition, financing and renovation of its newest water park.
  • Represented a national provider of post-secondary degrees regarding the handling of national lease-related documentation, including negotiating and drafting numerous commercial leases, amendments, subleases, subordination agreements, estoppels and termination agreements.
  • Represented VEREIT, Inc. (NYSE: VER) (formerly American Realty Capital Properties, Inc.) a NYSE-traded real estate investment trust (REIT), in its $3.2 billion "reverse" merger to acquire American Realty Capital Trust III, Inc., a "non-traded" REIT. The deal was structured as a cash-election merger in which the cash portion of the consideration will be limited to 30% of the aggregate merger consideration. The combined company ranks among the five largest triple net lease REITs in the United States.
  • Represented owner and developer of industrial, office, and apartment properties in Southern California in entity governance and common interest subdivision matters.


  • California


  • University of California, Hastings College of the Law, J.D., 1999
    - Notes and Comments Editor, West-Northwest Journal of Environmental Law and Policy
  • University of California, Los Angeles, B.A., magna cum laude, 1995


  • Duane Morris LLP
    - Partner, 2012-present
  • Hecht Solberg Robinson Goldberg & Bagley LLP
    - Partner, 2004-2012
  • Gray Cary Ware & Freidenrich LLP
    - Associate, 1999-2004

Professional Activities

  • California State Bar
    - Real Property Section
    - Environmental Law Section
  • San Diego County Bar Association
    - Real Property Section
    - Environmental/Land Use Law Section
  • National Asian Pacific Bar Association
  • Urban Land Institute
    - Programs Committee
  • California Building Industry Association
    - BRE Subcommittee
  • Lambda Alpha International - San Diego Chapter

Areas of Practice

  • Common Interest Development
  • Land Use
  • Commercial Lending
  • Real Estate Transactions

Civic and Charitable Activities

  • Helping Hands Africa
  • Kalusugan Community Services, National City
  • San Diego Habitat for Humanity

Selected Publications

Selected Speaking Engagements

  • Panelist, "DRE 101," May 2010
  • Moderator, "Bankruptcy Primer," California State Bar, Real Property Section, May 2010
  • Presenter, "CC&Rs: Getting Them Right from the Start," CBIA, May 2009