Overview

Marina regularly represents equity investors and operating partners on purchases, sales, and financings of office properties, multi-family properties, shopping centers, and loan portfolios. She advises equity investors and operating partners in joint venture arrangements, including those transactions with a “cross­promote” structure and preferred equity components. Marina also represents landlords and tenants in office, shopping center, and retail leases, including flagship and headquarters locations, and represents borrowers in defeasance transactions and credit line arrangements secured by subscription agreements, loan portfolios, and other non-real property collateral. She has experience with Islamic financing, and has worked under those guidelines toward favorable solutions for her clients.

Marina is strategic, creative and practical. She is a strong advocate for her clients and brings years of successful representation to each real estate deal. She uses her market knowledge to get her clients results.

  • Experience

    Marina’s representative matters include the following:

    • Served as transaction counsel for the sponsor of a series of real estate investment funds in connection with the investment of more than $4.5 billion of assets in 43 states involving distressed loan portfolios, REO properties, and multifamily, office and industrial assets.
    • Represented an established New York City owner/operator in the acquisition and financing of multifamily/mixed-use assets in New York City, Florida and Texas, including use of IRC 1031 exchange proceeds.
    • Represented an operating partner in the recapitalization of a $161 million multifamily property in Maryland.
    • Represented the borrower in connection with a $195 million securitized mortgage loan secured by 177 office and retail properties.
    • Represented a self-storage facilities owner in connection with a net lease and a subsequent sale to a publicly traded REIT.
    • Represented an immersive entertainment tenant in connection with location leases in 18 states, including major shopping centers.
    • Represented an established New York City landlord in connection with a major restaurant lease in Times Square.
  • Credentials

    Education

    • Boston University School of Law, J.D., 1986
      Boston University International Law Journal, Articles Editor
    • Barnard College, B.A., 1982

    Bar Admissions

    • New York

            Languages Spoken & Fluency

            • Russian, Fluent
          • Insights

            TITLE
            Alert

            Update: FinCEN Reissues Revised Regulations Aimed at Discovering and Preventing Money Laundering

            The Financial Crimes Enforcement Network (FinCEN) reissued its Geographic Targeting Order (GTO) last week, which is effective from November 12, 2019 to May 9, 2020.

            Alert

            Update: FinCEN Issues Revised Regulations that Aim to Discover and Prevent Money Laundering

            On November 15, 2018, the Financial Crimes Enforcement Network (FinCEN) issued its sixth Geographic Targeting Order (GTO) aimed at preventing money laundering in all-cash residential real estate purchases made by legal entities.

            Alert

            Blind Pool Fund v. Pledge Fund

            Real estate Sponsors raising capital from Investors have multiple ways to structure the investment.

            News Release

            Schiff Hardin Closes $180.5M Sale of California Multi-Family Portfolio

            Schiff Hardin represented an affiliate of Sterling American Property V L.P., a major real estate opportunity fund, in the sale of a multi-family portfolio located in Riverside County, Calif.

            Alert

            Protecting a Ground Leasehold Mortgagee’s Interests — Refining the Requirements for Financeability

            In order to be financeable, a ground lease must expressly allow the tenant to secure financing with the ground lease as collateral. If the tenant’s lender forecloses because of the tenant’s default under the ground lease financing, the lender succeeds to the tenant’s rights under the lease. This arrangement raises a number of critical questions about the relationship between the tenant, the landlord as the owner of the fee interest, the leasehold lender and the fee lender.

            Alert

            Changes to Partnership Audit Rules Will Affect Real Estate Investors Utilizing Partnerships and LLCs

            The Bipartisan Budget Act of 2015 means that adjustments made at the partnership-level are assessed against the partnership rather than against the partners.

            Alert

            FinCEN Regulations Will Aim to Discover and Prevent Money Laundering

            On January 13, 2016, the Department of Treasury issued temporary regulations aimed at preventing money laundering.

          • Citizenship

            Civic and Charitable Memberships

            • Jewish Child Care Association, Board of Trustees