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Ruben Ravago, a partner in Nixon Peabody’s Real Estate and Community Development practice group, focuses on representing developers, investors, nonprofits, and government agencies who finance and develop for-sale housing. Ruben also represents lenders to owners and operators of stabilized properties, development projects, and seniors housing and assisted living facilities throughout the U.S.
I work with developers and commercial property owners in the acquisition, financing, disposition, development, leasing, and management of mixed-use properties, with an emphasis on for-sale residential projects.
I also help developers establish or invest in cooperative and condominium projects, particularly for-profit for-sale projects, and not-for-sale affordable multifamily housing developments.
Having a background in traditional real estate and real estate finance, with added specialties in coop/condo structures and seniors housing and care, means that I also do a lot of peer review for lenders and investors looking to invest in complex condominium or cooperative projects and am well situated to provide strategic structuring advice and negotiate sophisticated joint venture (JV) investment arrangements.
I also assist nonprofits in the creation of leasehold condominiums, which enables them to get the benefit of an exemption from real estate taxes. Doing so results in a “win-win” situation, where the nonprofit landlord gets a financially stronger long-term tenant, and the nonprofit gets more resources to dedicate to its mission.
With any type of transaction, giving good strategic advice requires understanding both the applicable legal and regulatory backdrop, as well as the particular history and circumstances that give rise to a particular transaction or issue. Appreciating the whole picture helps maximize value for clients and identify a framework for successful negotiations.
While I think we will continue to see deal volume driven by interest rates and views on the market cycle, I believe there will also continue to be a focus on affordable housing initiatives. Getting viable projects off the ground in the current macro environment will require flexibility and innovation in sourcing, planning, and financing. Our clients have been quick to act when the right opportunities arise, and when they do, we also have to act quickly and effectively. I also look forward to helping both nonprofit and for-profit developers with new for-sale projects, including those focused on affordable and middle-market projects, which are necessary to grow viable and vibrant communities.
This article highlights firms that guided the largest recent New York City real estate deals in public records. New York City Affordable Housing & Real Estate partner Ruben Ravago is mentioned for guiding the buy side in a roughly $26.3 million deal, which included a venture of Cloth Pillars I Housing Development Fund Corp. and Monad Pillars I LLC who sold 111-115 and 148 W. 141st St. to a venture that includes Wave 141st Street LLC. The NP deal team also included AHRE partner Susanna Mitchell of Washington, DC and associate Avery Ryou of New York City.
This roundup of moves across the affordable housing industry includes the promotions of Affordable Housing and Real Estate partners Ruben Ravago of New York City and Dana Stanton of Albany, and Community Development Finance partner Sumeet Sharma of Washington, DC. The article also includes the promotions of Affordable Housing and Real Estate counsel Kelly Behr of Washington, DC, Ninteretse Jean Pierre of Rochester, and Emily Schwebke of Chicago, and Community Development Finance counsel Nicole Hixon of Boston.
This roundup article highlighting legal industry moves across New York State includes the appointment of Long Island partner Lindsay Maleson as Healthcare practice leader. The article also mentions Healthcare counsel Jéna Grady, Affordable Housing & Real Estate counsel Ruben Ravago, and Global Finance associate Vincent Cesare, all of New York City; and AHRE counsel and Environmental team co-leader Dana Stanton of Albany for being promoted to partner effective February 1, 2024.
This feature article on New York City’s first-ever Housing Development Fund Corporation cooperative dissolution and reconstitution to free-market status quotes Cooperatives & Condominiums practice team leader Erica Buckley and mentions Affordable Housing & Real Estate counsel Ruben Ravago, both of New York City, for advising West Village Houses.
New York
Georgetown University Law Center, J.D.
Occidental College, B.A.
Spanish
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