Richard Newman

About Richard Newman

I am a senior partner specializing in the representation of nonprofit organizations engaged in real estate transactions, particularly those eligible to use or using tax-exempt or taxable bonds. My practice includes significant work in the public-private partnership area with an emphasis on public finance and real estate matters. Clients include cultural institutions, think-tanks, trade associations, and other nonprofits, as well as developers and end-users using public financing tools.

Experience

1. Partner

   Arent Fox

   May 1995 — Present

   Serve as borrower\'s counsel, underwriter\'s counsel, credit enhancement counsel, trustee\'s counsel, servicer/originator counsel, and bond counsel to a national roster of clients- Special emphasis on the representation of nonprofit organizations- Represent clients in real estate acquisition, development, financing, leasing, and disposition- Recognized as a leading real estate lawyer by Chambers USA from 20••••20 and by Legal 500 in 2019- Recipient of the 2019 and 2020 Marc L. Fleischaker Pro Bono AwardPublications include- “Tax-Free Exchanges of Debt-Financed Property by Tax-Exempt Organizations,” Taxation of Exempts; May/Jun 2017- “Securitization of Government Leases and Service Contracts,” The Metropolitan Corporate Counsel, Vol. 13, No. and Vol. 13, No. 4, Spring 2005- “New Downtown Office Condos Offer Potential Benefits—and Complication—for Firms,” Legal Times, Vol. 27, No. 13, March 26, 2004- “The IRS Proposes More Liberal Treatment of Qualified Management Contracts for Facilities Financed with Tax-Exempt Bonds,“ Tax Management Real Estate Journal, November 1995- “Bond Financing Non-Profit Facilities – Interview,” GWSAE Journal, Fall 1997- “Business Improvement Districts—Urban Renewal in the 1990s,” Corridor Real Estate Journal, February 9, 1996- “The Non-Profit Sector in the Local Real Estate Market,“ Corridor Real Estate Journal, September 15, 1995- “Attracting New Investors with Affinity Bonds,“ Corridor Real Estate Journal, August 18, 1995- “Infrastructure Financing: Special Tax Districts,“ Probate and Property, Vol. 6, No. 3, 1992- “New 501(c)(3) Bond Determination Letter Guidelines,“ Tax Management Real Estate Journal, December 1991- “A Guide to Tax Exempt Financing for Nonprofits,“ The Washington Lawyer, Vol. 6, No. 1, 1991- “Housing Incentives, A National Perspective,“ The Urban Lawyer, Vol. 21, No. 2, 1989 (Principal Author)

Education

• New York University

  Bachelor's degree, dramatic literature undergrad

  1974 — 1977

• Case Western Reserve University School of Law

  Doctor of Law - JD

  1977 — 1980