James B. Aronoff
Ohio
Thompson Hine LLP
3900 Key Center
127 Public Square
Cleveland, OH 44114-1291
Tel: 216.566.5504
Email:
jim.aronoff@thompsonhine.com
Web:
www.thompsonhine.com
Jim is a partner in Thompson Hine’s Real Estate group and chairs the Real Estate Capital Markets practice. Jim has been named a BTI Client Service All-Star, a leading real estate lawyer and real estate finance lawyer in Chambers USA, and selected by peers for inclusion in The Best Lawyers in America© for over 15 years. He was recently named a Best Lawyers® 2024 “Lawyer of the Year” (Cleveland) in Real Estate Law.
He is regularly called upon to represent and advise real estate investment trusts (REITs) and real estate equity funds both transactionally, and in evaluating internal structures to maximize shareholder and investor value. He also focuses his practice on organizing joint ventures, partnerships, limited liability companies and other pass-through entities; commercial real estate financings, including representation of REMICs and others in securitized offerings; leasing (both retail and commercial); shopping center development and construction; as well as significant acquisitions and divestitures of resort and other lodging and gaming properties.
Honors, Awards & Recognition
- Selected as an Acritas Star, a “client-nominated, stand-out lawyer”
- AV® Preeminent Rated by Martindale-Hubbell
- BTI Client Service All-Star, 2006, 2015 and 2016
- Listed as both a leading real estate lawyer and real estate finance lawyer in Chambers USA: America’s Leading Lawyers for Business, 2005 to 2023
- Selected for inclusion in The Best Lawyers in America© for more than 15 years for Real Estate Law; named the Best Lawyers® 2024 Real Estate Law “Lawyer of the Year” in Cleveland
- President’s Award, Cleveland Bar Association, 2004
- Selected to the Ohio Super Lawyers list, 2007 to 2018, 2020 to 2024
- Listed in Legal 500 in Real Estate, 2014 to 2021
- Representation of and counsel to several NYSE, NASDAQ and ASE-listed REITS, with particular focus in the Multifamily, industrial and retail sectors.
- Representation of $10 billion NYSE-listed real estate operating company in its restructuring and conversion to a REIT.
- Representation of several private real estate equity funds through formation and in direct project investments of over $2 billion.
- Representation of JV purchasers of $1.5 billion of 40 student housing properties nationwide.
- Representation of both purchasers and sellers of over $30 billion of whole loan and servicing rights portfolios.
- Representation of global alternative asset manager in acquisition of $2.5 billion NYSE-listed multi-family REIT.
- Representation of a NYSE-listed REIT in a $350 million mortgage financing involving shopping center properties in Puerto Rico and the continental United States.
- Representation of a NYSE-listed lodging REIT in the restructuring of a $400 million hotel lease portfolio.
- Represented a real estate investment firm in the acquisition of a portfolio of more than 600 acres of prime industrial land in four different sites and in the planned development and construction of industrial and office facilities.
- Representation of an AMEX-listed lodging REIT in the acquisition of a 10 hotel portfolio located in several Southwestern states.
- Representation of a major foreign insurance company in a sale involving 43 retail and office properties located in 14 states.
- Representation of a NYSE-listed REIT in a $300 million acquisition of nine regional mall properties located in five states.
- Counsel to a private developer in a $1.2 billion sale of 21 regional mall properties to a NYSE-listed REIT.
- Representation of a NYSE-listed REIT in the $350 million acquisition of a portfolio of 36 department stores located in California, Nevada, Arizona and Texas, with lease or sublease back to the department store, plus related acquisition and lease back of additional properties in California and Utah.
- Lead transaction counsel for the leveraged lease sale/leaseback financing of 13 “Superstores” of a national retailer located in nine states.
- Lead counsel to a global auto manufacturer in connection with the leveraged lease sale/leaseback of both a major assembly operation as well as an environmentally sensitive truck painting facility.
- Counsel to a national retailer for leveraged lease sale/leaseback of eight newly constructed retail properties located in five states. Structure involved the severance of estates for years and remainder interests which enhanced the overall return to the retailer.
- Lead counsel in the leveraged lease financing of a major steel processing center in Northwestern Ohio.
- Counsel to a national grocery chain for the sale/leaseback and secured lease bond financing of 36 supermarket and grocery distribution warehouse properties.
- Drafted and negotiated dozens of Electric Vehicle Charging Station agreements at properties across the US, including the development of a national charging station program for a public REIT shopping center owner for its parking facilities.
Thompson Hine’s nationally recognized Real Estate practice provides innovative, practical counsel to help clients achieve their most critical goals – controlling risks and maximizing value on real property investments and assets.
Primary areas of practice include:
- Real estate development
- Ground lease and space lease agreements
- Borrower and lender financing and capital markets transactions
- Corporate real estate matters, including headquarter projects
- Tax credits and other government incentives
Delivering innovative solutions to real estate issues and building collaborative, high performance teams are the hallmarks of the firm’s practice. Drawing from the collective experience of their wholly-owned subsidiary Project Management Consultants (PMC) and other practice areas such as construction, bankruptcy, tax, corporate, environmental and business litigation, Thompson Hine offers sophisticated counsel on real estate transactions of any size and complexity.
The firm provides guidance on real estate litigation and settlement strategies, foreclosures, workouts, bankruptcies affecting other real estate investments, brownfields, eminent domain and land use matters.
Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award.
Thompson Hine has distinguished itself in all areas of Service Delivery Innovation in the BTI Brand Elite, where it has been recognized as one of the top 4 firms for “Value for the Dollar” and “Commitment to Help” and among the top 5 firms “making changes to improve the client experience.”
The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTH® – a smarter way to work – predictable, efficient and aligned with client goals.
“James Aronoff remains a go-to attorney for property financing matters of all kinds, including REITs and REOCs. He regularly assists clients with transactions relating to an array of properties, including retail, industrial and mixed-use developments.”