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Ari Glatt



Ari Glatt is an associate in Nixon Peabody’s Real Estate group. He practices in all areas of real estate, handling a broad array of commercial transactions including acquisitions and dispositions, complex financings and leasings. Ari also advises on condominium and cooperative law in preparing offering plans, overseeing unit sales, and managing closings for both new construction and conversion projects.

What do you focus on?

Acquisitions and Dispositions

My practice covers all stages of purchase and sale transactions from planning and drafting documents, through negotiations and closing. I represent clients such as institutional lenders, major developers, and owners by counseling them on purchase and sale agreements, tax structuring, title review, and other site acquisition services.

Condominiums and Cooperatives

As part of my commercial real estate work, I guide investors on the formation and conversion of condominium and cooperative properties. I prepare offering plans and navigate the submissions process with the attorney general’s office—which has helped cultivate strong relationships with various city and state agencies. As an appointee to the NYC Cooperative and Condominium Committee, I am apprised of cutting edge issues in the world of condos and coops, permitting me to keep my clients and firm colleagues aware of critical legal developments.

Mortgages and Financings

I draft purchase and construction financing documents—including loan documents, assignments, modifications, subordinations, certificates, resolutions and consents—for commercial and private lenders and borrowers. My experience forming business entities and structuring corresponding documents such as LLC and partnership operating agreements enables me to analyze business opportunities for clients from both a business and legal standpoint.

Leasing

The depth and breadth of our national real estate practice allow me to get involved with many different aspects of commercial leasing. I represent both landlords and tenants to negotiate, assign and amend commercial, retail, and ground leases.

What do you see on the horizon?

As the interest of international investors continues to affect the real estate market, I see a greater emphasis on the development of real estate joint ventures between different industries to develop and use commercial real estate.

Representative Experience

  • Represented a joint venture as borrower in the CMBS financing of 15 multifamily properties, containing in excess of 1,000 apartment units, located in 4 states.
  • Represented a developer before the Real Estate Finance Bureau of the NY State Attorney General’s office through the offering plan process for a 100+ unit luxury residential condominium in New York City.
  • Represented an owner of a 550,000 square foot commercial office/retail building in Chicago for its leasing and financing transactions.
  • Represented a partnership in its sale of two fully leased multifamily buildings in New York consisting of 80+ apartments.
  • Represented the owner/landlord to negotiate and implement a master lease structure on a portfolio of 160+ healthcare facilities with an approximately $1 billion securitized financing.
  • Represented the sponsor of a high-end NYC condominium in its sale of a commercial unit on the ground floor, including obtaining a no-action letter from the NY State Attorney General’s office to exempt the transaction from registration and filing requirements.
  • Represented a Real Estate Investment Trust (REIT) as lender with frequent commercial bridge and preferred equity financings.
  • Represented a manufacturing company as landlord in the negotiation of a long term ground lease to develop an industrial factory.
  • Represented a nonprofit corporation through the process of obtaining NY State Attorney General confirmation and court approval to sell all its real estate assets.
  • Represented a well-known New York real estate family on numerous real estate matters, including the lease-up of several of its mid-town office buildings and corporate restructuring of 60+ limited liability companies and corporations.

Publications

  • “Real Estate Finance Bureau issues new guidance on the importance of broker-dealer registration status for all real estate filings,” Real Estate Alert,12/14/17
  • “New conflict of interest laws for condos and co-ops in New York—Impact on existing boards and sponsors of new condo and co-op offerings,” Real Estate Alert, 09/20/17
  • “Updated Condo/Co-op disclosure requirements—FinCEN closes a money laundering “loophole” in real estate transactions involving wire transfers,” Real Estate Alert, 08/30/17
  • “What are the new condo/coop disclosure requirements?,” Real Estate Alert, 06/20/17

Contact

Ari Glatt

Associate

New York

Phone: 212-940-3732


University of Chicago Law School, J.D., Ruth Wyatt Rosenson Scholar

Columbia University School of Law, Visiting Law Student

Lander College, B.A., summa cum laude

New York

  • Member - NYC Bar Cooperative and Condominium Law Committee
  • Member - Real Property Law Section of the New York State Bar Association
  • Member - Nassau County Bar Association
  • Certified Personal Trainer - National Federation of Professional Trainers
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