Complex development and finance for public-private partnership transactions, for-profit, non-profit and governmental agencies are the focal point of David Abromowitz's nationally recognized practice. A major focus of his practice is affordable housing and economic development, including Section 42 multifamily residential properties, active adult and assisted living communities, revitalized public housing and HOPE VI matters, HUD Section 236, Section 8 and FHA financings, community land trusts, and other multi-layered public and private financings. David is Of Counsel and served as one of the firm's first Co-Chairs of its Real Estate group.
- Represented a Massachusetts-based developer and manager of affordable housing on the successful sale of a multi-property portfolio in one of the largest affordability preservation transactions in the Commonwealth’s history.
- Sale for national REIT of 14 property, 1,200 unit apartment portfolio involving numerous subsidy, regulatory and structuring issues
- $160 Million securitized refinancing of 1,283 unit apartment complex involving subordination of three public loans and ground lease negotiations to meet rating agency requirements.
- Counsel to John Hancock Financial Services on the sale of the Hancock Tower and related buildings to Beacon Capital Partners as well as on the subsequent repurchase of the Brown and Berkeley Buildings from Broadway Partners.
- $700 Million Boston Convention and Exposition Center project for the Boston Redevelopment Authority, including land assembly, relocation and multi-party development arrangements.
- Master-planned development of 3,000 acre former Digital Equipment Corporation campus into 2,500 home planned unit development (including multiple hotel/conference centers, and Rees Jones and Jack Nicklaus designed golf course) for Pinehills LLC.
- Tax credit equity investments for various national syndicators, including numerous tax credit partnerships throughout the Southeast, Mid-West and Mid-Atlantic, and multi-property fund of 14 properties in 7 states.
- Multiple acquisition/rehab resyndications for non-profit sponsors of Section 8, Section 236 and other older assisted projects using both housing and historic tax credits.
- Portfolio transaction for Section 236 and Section 8 owner involving all aspects of over 3,000 units of HUD-assisted housing.
- Over $400 Million of bridge and fund financings representing one of the premier national low income housing tax credit syndicators.
Professional and Community Involvement
- Senior Fellow, Center for American Progress
- Board of Directors, MassDevelopment
- Vice-Chair, National Housing & Rehabilitation Association (2013-present); Secretary (2011-2013); Board of Directors (1997-present)
- Board, Equity Trust (1996-present)
- Co-Chair, Governor Deval Patrick’s Housing Transition Working Group (2006-2007)
- Co-Chair and founding member, Lawyers Clearinghouse on Affordable Housing and Homelessness (Co-Chair, 1993-1998) Board, YouthBuild USA (1998-present) Chair, ABA Forum on Affordable Housing and Community Development (1996-1997) and Board Member (1987-1998)
- American Bar Association Forum on Affordable Housing and Community Development
- Past President, Congregation Eitz Chayim
- Former Chair, Goulston & Storrs Pro Bono Committee (overseeing Firm’s award-winning pro bono program) (1997-2007)
Awards and Recognition
- Martindale Hubbell Peer Review Rated AV Preeminent TM
- Affordable Housing Vision Award, National Housing & Rehabilitation Association, 2014
- Massachusetts Super Lawyers, 2004 - 2005, 2008 - 2014
- Distinguished Achievement Award, B'Nai B'rith Housing New England, 2013
- Recognized as a "social capitalist" by SCI Social Capital, Inc., 2008
- Honored by Fair Housing Center of Boston, 2007
- Honored by National Economic Development and Law Center, 2004
- Panelist, "Financing Rental Housing--REO to Rental in the Single Family Arena," Urban Institute and CoreLogic Symposium on Housing Finance, 2013
- Keynote Speaker, National Community Land Trust Conference, Albuquerque, New Mexico, 2010
- Featured Speaker, Neighborworks America National Conference, Atlanta, Georgia, 2009
- Panelist, "Green Initiatives in Affordable Housing," Boston Bar Association, 2009
- Presenter, "Public Service Opportunities in the Private Sector", Harvard Law School, 2003
- Presenter, National Association of Black Realtors, "Making Affordable Assisted Living a Reality", Louisville, KY, 2000
- Presenter, Real Estate Finance Association forum, 1999