Stephen Cowan's practice focuses on real estate, finance, real estate fund formations and bankruptcy/workouts. He has also been a frequent lecturer and author in the field of real estate, finance and bankruptcy matters.

Stephen has worked on the real estate and corporate aspects of the creation of real estate funds through private placements. He has represented various developers, investors, banks, insurance companies and other financial institutions in numerous acquisitions, dispositions, joint ventures and partnerships, workouts, restructurings, bankruptcies, multifamily and IDB and IRB letter of credit bond transactions, construction and permanent loans, rent arbitrations, sale leasebacks, synthetic leases, agricultural finance and workouts, leveraged buyouts, non-real estate single and multi-lender revolving credit and term loan agreements and restructuring of US real estate portfolios with complex inter-creditor issues and configuration of bankruptcy remote vehicles. He also has been involved in major non-real estate workouts.

Stephen is also a member of DLA Piper's Policy Committee.