Latvia Realty Fund, LP

About the Director

Richard N. Golden, born 1960, is the founder of Latvia Realty Fund, LP (the 'Fund'). Mr. Golden graduated from Yale University in 1983, cum laude, and with Distinction in History. Mr. Golden also received a J.D. degree in 1986 from New York University School of Law, where he served for two years on the editorial board of Annual Survey of American Law. He is a member of the New York and New Jersey bars. Prior to forming the Fund, Mr. Golden practiced real estate law for eight years with the internationally prominent law firms of Coudert Brothers and Dechert Price & Rhoads and for twenty months with Kleinberg, Kaplan, Wolff & Cohen, P.C., a law firm whose practice concentrates on hedge funds.

As a commercial real estate lawyer, Mr. Golden has counseled U.S. and foreign clients on many legal aspects of U.S. real estate. From April 1993 until leaving private practice in June 1997 to pursue Latvian investments full time, Mr. Golden represented the real estate investment division of a major Japanese life insurance company in the management of a U.S. portfolio valued in excess of $1 billion consisting of large urban office and retail properties. Mr. Golden has represented landlords and tenants in scores of office, retail and industrial leases valued at up to $5 million. On the financing side, Mr. Golden has represented lenders and borrowers in middle-market real estate financings valued at $3 - 50 million. Mr. Golden also represented Standard & Poor’s in its rating of securitized real estate financings and assisted in developing criteria to securitize ground leased properties. Mr. Golden has also worked on purchases and sales of office, residential and retail properties valued at $2 million to over $500,000,000.

Mr. Golden’s involvement with Latvian affairs dates from August 1990, when he began donating legal assistance to Western-oriented members of the Latvian parliament to assist them in their drive to regain their independence from the Soviet Union. In recognition of such assistance, Mr. Golden was formally invited in April 1992 by Mr. Valdis Birkavs, then deputy chairman of the Latvian parliament and currently the Foreign Minister of Latvia, to visit the country as a guest of the state to further economic and political cooperation between Latvia and the West. (Based upon his prior position working for a Member of the British House of Commons, in the summer of 1991 Mr. Golden arranged for a British parliamentary delegation to make an official visit to Latvia, but the attempted coup against Mikhail Gorbachev on August 19, 1991 canceled the trip.) As an outgrowth of Mr. Golden’s continued involvement in Latvia, in 1994 he was invited by the Central and East European Law Initiative, a committee of the American Bar Association, to evaluate proposed foreign investment laws of Lithuania and Bosnia for consideration by their respective parliaments.