Within days of Massachusetts Mutual Life Insurance announcing the purchase of a majority stake in sustainable financier Counterpointe, the New York City-based boutique real estate law firm that brokered the deal from the sell-side formalized a practice centered on similar types of client engagements.

Specifically, “impact” investing is a growing area of demand for Adler & Stachenfeld’s base of real estate developers, investors and nonprofit organizations, given the expansion of programs that lawyers say make ventures in affordable housing and environmental sustainability more financially lucrative.

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