Aline S. Grossman is a a commercial real estate attorney and partner in the Real Estate Group at A.Y. Strauss. She has more than two decades of experience representing property owners, developers, investors, and lenders in the acquisition, sale, financing, and leasing of multifamily, industrial, office, and select retail properties across the country, including New York and New Jersey. With a practice spanning ground-up development, construction projects, stabilized assets, and value-add investments, Aline frequently works with large family offices investing in multifamily properties throughout the East Coast.

Aline regularly structures limited liability companies, joint ventures, partnerships, and preferred equity arrangements with a focus on clients’ business and investment objectives. She advises clients on regulatory compliance, risk management, and corporate governance, and frequently resolves title, zoning, and environmental matters that can complicate commercial real estate deals.

Aline’s previous experience includes roles held both in-house and at law firms, advising on corporate structuring, land development, and environmental compliance.

Representative Matters

• Represented the purchaser in the acquisition of a 340+ unit apartment community in Columbus, OH, financed with a $30 million senior loan, in a transaction involving multiple seller groups and investors with differing investment objectives, which necessitated a customized structure to align ownership interests, facilitate coordinated exchanges, and achieve financing and operational efficiency.
• Represented the purchaser in the acquisition of its partners’ interests in a commercial real estate and restaurant business operating in the Williamsburg neighborhood in Brooklyn, NY, in a transaction that involved leveraging the client’s interest in the business operator to negotiate a buyout of the majority partner’s interest and obtaining financing from the U.S. Small Business Administration.
• Represented the purchaser in the acquisition of 313 age-restricted independent living townhouse units and 91 assisted living units subject to a condominium regime in a continuing care retirement community located in Ocean City, NJ, in a transaction involving the negotiation of an amendment to the master deed with the owner of a nursing home unit to address the changing ownership structure and zoning restrictions.
• Led the acquisition of a former 381-room Marriott Hotel in Farmington, CT, financed by four buyer parties with a $42 million senior loan, for redevelopment into 225 multifamily apartments with amenities, with the adaptive reuse conversion financed with $7.5 million of mezzanine financing.
• Negotiate commercial leases, parking management, and other agreements for the owner of several mixed-use buildings in Fort Lee and Hoboken, NJ.
• Act as general transactional counsel to the owner of a portfolio of industrial and office buildings throughout New York and New Jersey, including a property consisting of in excess of 41 acres of warehouse and outdoor space, in Linden, NJ; frequently negotiating leases for warehouse, office, and parking areas.