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Jerome (Jay) Shuman Jr.

Jerome (Jay) Shuman Jr.

Of Counsel

101 Constitution Avenue, NW
Suite 900
Washington, D.C., 20001
100 S. Charles Street
Suite 1600
Baltimore, MD 21201
jay.shuman@nelsonmullins.com

Jay is a real estate lawyer who represents non-profit and for-profit clients in the buying, selling, development, and leasing of affordable housing, market-rate, mixed-use, and commercial projects. He also practices in public finance and has counseled non-profit and for-profit borrowers, lenders, and municipal issuers in tax-exempt and taxable bond deals.

Jay served as Associate County Attorney for Prince...

Jay is a real estate lawyer who represents non-profit and for-profit clients in the buying, selling, development, and leasing of affordable housing, market-rate, mixed-use, and commercial projects. He also practices in public finance and has counseled non-profit and for-profit borrowers, lenders, and municipal issuers in tax-exempt and taxable bond deals.

Jay served as Associate County Attorney for Prince George’s County, Maryland and represented the County in its major real estate development and finance transactions. He has extensive corporate experience from his time in private practice in New York.

Jerome (Jay) Shuman Jr.

George’s County, Maryland and represented the County in its major real estate development and finance transactions. He has extensive corporate experience from his time in private practice in New York.

Jay is a real estate lawyer who represents non-profit and for-profit clients in the buying, selling, development, and leasing of affordable housing, market-rate, mixed-use, and commercial projects. He also practices in public finance and has counseled non-profit and for-profit borrowers, lenders, and municipal issuers in tax-exempt and taxable bond deals.

Jay served as Associate County Attorney for Prince... George’s County, Maryland and represented the County in its major real estate development and finance transactions. He has extensive corporate experience from his time in private practice in New York.

Experience

Following is a selected sampling of matters and is provided for informational purposes only. Past success does not indicate the likelihood of success in any future matter.

Representative Experience

  • Represented a non-profit impact developer in joint ventures with other mission-oriented developers, and in their acquisitions of apartment complexes in high-opportunity DC-area communities. These developments implemented a unique financing structure to preserve affordability and involved complex financing through GSE senior mortgages and impact pool mezzanine loans, as well as local subordinated debt and tax-exemption agreements.
  • Represented a Government-Sponsored Enterprise in lending through pooled credit facilities and providing immediate and forward commitments for credit enhancement of permanent financing through tax-exempt bonds for numerous multifamily affordable housing projects nationwide.
  • Represented a market-rate developer in an $8.65M acquisition of the 49.6-acre land site in Northern Orlando and its related $69M construction financing. The final project included 437-units across 7, 4-story residential buildings, surface-parking, and Class-A amenities.

Previous Work Experience

  • Real Estate Associate, D.C. based law firm
  • Associate County Attorney, Prince George’s County, Maryland
  • Attorney, two New York City-based law firms

Education

  • New York University School of Law, JD
  • Howard University, BBA, Finance, cum laude

Admissions

  • District of Columbia
  • Maryland
  • New York
  • Supreme Court of the United States

Practice Areas

Industries

  • Washington Housing Conservancy Stakeholder Council, Member
  • Hyattsville Community Development Corporation, Board Member