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Krieg DeVault Attorney Jeffrey C. McDermott Plays Role in Massive Simon Estate Transaction

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January 9, 2018

Senior Counsel Jeff McDermott made national news this week with the announcement that philanthropist Bren Simon has gifted her 107-acre, $30 million Asherwood estate to the Great American Songbook Foundation. Jeff, who serves as President/CEO of the Foundation and the affiliated Center for the Performing Arts, spent much of the fall negotiating this sensitive agreement, a watershed moment for the Foundation and its mission.

Ms. Simon’s estate is valued at more than $30 million. The estate features two golf courses, a 50,000 sq. ft. home, a 6,000 sq. ft. guest house, an 8,000 sq. ft. club house, a chapel, a nursery and two 10,000 sq. ft. maintenance buildings and all furnishings. In addition to the land, the Foundation will retain Mrs. Simon’s 9-person staff, which includes security, housekeeping, and maintenance.

The Foundation plans to assess the potential use of the property, one of which could include a museum exhibiting the foundation’s collection.  The Great American Songbook Foundation was founded by famous performer and preservationist Michael Feinstein and is a part of the Center for the Performing Arts located in Carmel. For more information on the Great American Songbook Foundation, please click here.

About Krieg DeVault LLP 
Krieg DeVault LLP is a diversified law firm representing a wide variety of local, regional and national clients.  It is a business-focused law firm with offices in Indianapolis, Carmel, Mishawaka, and Merrillville, Indiana; Chicago, Illinois; Atlanta, Georgia; and Naples, Florida.  The firm’s attorneys have significant experience in key areas that address the needs of a diversified client base.