Cozen O’Connor: Grossman, Howard

Howard Grossman

Senior Counsel

Philadelphia

(215) 665-4176

(215) 701-2242

Howard is a nationally recognized real estate attorney who has been representing developers, operators, investors, and lenders in their most complex transactions for more than 30 years. He is a leading practitioner in the joint venture arena, adept at structuring sophisticated, multi-party agreements, and negotiating transactions involving diverse capital sources such as private equity, public finance, preferred equity, and senior debt. Howard also focuses his practice on guiding development of urban mixed-use projects that include hotel, apartment, retail, and/or office space.

With vast experience representing both institutional investors and operating partners, Howard offers a 360-degree perspective centered on a deep understanding of the needs and interests of all participants. He has earned a reputation for his ability to view a transaction not just in legal terms, but in business terms as well. He approaches every project with an eye toward fostering cooperation among all parties, identifying practical solutions, and achieving clients’ overarching business goals. 

Engagements generally representative of Howard’s practice are as follows:

  • Counsel to a Philadelphia-based private equity fund in the acquisition, financing, operation, leasing, and disposition of multiple full service hotel and Class A office properties in urban markets throughout the United States, including leading the negotiation of hotel franchise and management agreements with Marriott, Hilton, and Intercontinental Hotels and leading in the negotiation of major tenant office leases.
  • Counsel to a Philadelphia-based private equity fund in the acquisition, financing, and disposition of multiple Class A office properties in primary urban and suburban areas throughout the Eastern and Midwestern United States.
  • Counsel to a suburban Philadelphia-based separate account adviser and private equity fund sponsor in the investment in multifamily, office, and hotel properties throughout the Eastern and Midwestern United States, including the recent recapitalization through the provision of highly structured mezzanine debt of an office property portfolio located in Wilmington, Del. and suburban Philadelphia and the recapitalization through a senior preferred equity investment of a hotel portfolio located in suburban Washington. 

Specific examples of Howard’s experience are provided in the Experience section of this biography.

Howard's keen appreciation of client priorities comes in part from having devoted nearly 10 years to serving as a senior manager at two well-known Philadelphia-area real estate firms. He was director of acquisitions for a top 50 multifamily owner and operator, and chief investment and chief operating officer of a regional multifamily owner and operator whose portfolio included more than 30 assets in eight states. In these positions, Howard was responsible for sourcing, underwriting, financing, and closing multifamily property acquisitions, establishing and managing joint venture equity relationships, and directing the operations and management of the portfolio properties.

Howard is an active member of the Urban Land Institute and serves as a participant on multifamily industry panels. He is involved in a number of charitable endeavors through the Federation of Jewish Agencies, currently serving as a member and on the program committee of Jewish Federation Real Estate.

Experience

News

126 Cozen O’Connor Attorneys Named to the Best Lawyers in America

August 22, 2018

One hundred twenty-six Cozen O’Connor lawyers from 20 of the firm’s national offices have been selected for inclusion in the 2018 edition of The Best Lawyers in America.

100 Cozen O’Connor Lawyers Named to the Best Lawyers in America

August 23, 2017

Lawyers were selected for inclusion in the 2018 edition based on a rigorous peer-review that has been developed and defined for more than 30 years.

Cozen O’Connor Earns Client Recognition in 2017 Chambers USA Rankings

May 26, 2017

Chambers USA recognized 47 Cozen O’Connor lawyers as leaders in their respective fields; 14 attorneys were recognized nationally and 11 were ranked in the top band.

Howard Grossman Discusses Philadelphia's Rising Commercial Real Estate Taxes in Law360

March 04, 2016

Howard Grossman, senior counsel in Cozen O'Connor's Real Estate practice group, discusses the implications of higher property taxes in Philadelphia.

Howard Grossman Discusses the Booming Philadelphia Residential Real Estate Market in Law360

January 07, 2016

Howard Grossman, a member of Cozen O’Connor’s Real Estate Practice Group, discusses the Philadelphia residential real estate market and its recent unprecedented boom over the last two years.

Howard Grossman Discusses Philadelphia’s Spike in Outside Investment in Urban Land

September 08, 2015

Howard Grossman discusses Philadelphia’s upswing in investment interest in every asset class, and it is coming from a multitude of sources, including national equity investors, regional and local institutions, and operators.

Cozen O'Connor Helps Guide National Real Estate’s $141M Philly Loan

May 04, 2015

A team of Cozen O’Connor real estate attorneys, led by Howard Grossman, assisted a partnership comprised of affiliates of National Real Estate Development, Young Capital, SSH Real Estate and Joss Realty in its $141 million leasehold mortgage debt financing from Ullico, LLC, an insurance and investment firm.

Howard Grossman Mentioned in NJBIZ

January 06, 2014

Howard Grossman, of the Real Estate Practice Group, was mentioned in a NJBIZ article titled, "Kislak Sells 286-unit Apartment Complex for $14.75M." The article explains how Howard Grossman represented the purchaser during the transaction of the apartment complex.

Cozen O’Connor Adds Howard Grossman to Real Estate Practice

July 19, 2012

Cozen O’Connor Adds Howard Grossman to Real Estate Practice

Publications

Fiscal Cliff Act Impacts on Energy Efficiency Credits [Real Estate Alert]

January 07, 2013

Besides extending the lower tax rates for millions of Americans, as well as avoiding across the board federal budget cuts, the eleventh-hour legislative compromise reinstated two business and personal tax credits applicable to energy efficiency residences and appliances. Contractors or developers of homes or low-rise multi-family projects, as well as individuals considering energy efficient renovations or appliance purchases, should consider the availability of these tax credits.

The Push for a Greener Philadelphia: City Adopts New Energy Benchmarking Requirements for Owners of Large Commercial Buildings [Real Estate Alert]

December 14, 2012

In August 2012, the mayor of Philadelphia signed into law Bill 120428-A, which establishes new energy benchmarking requirements for owners of certain large commercial and mixed-use buildings. The energy benchmarking bill requires owners of “covered buildings” to report and disclose data annually related to energy and water usage and other building characteristics.1 Covered buildings include any commercial building with at least 50,000 square feet, and all commercial portions of any mixed-use building where at least 50,000 square feet of the building is devoted to commercial use.

Events & Seminars

Past Events

Bisnow: Philadelphia State of the Market 2018

April 25, 2018 - Philadelphia, PA

4th Annual Philadelphia Multifamily Summit

October 28, 2014 - Philadelphia, PA

Education

  • University of Florida, J.D., 1976
  • New York University, LL.M., 1977

Awards & Honors

Best Lawyers in America 2018-2019

Chambers & Partners USA 2017-2018

  • New Jersey
  • Pennsylvania
  • Urban Land Institute
  • National Multi-family Housing Council
  • Pennsylvania Apartment Association- East 
  • Philadelphia Bar Association
  • Pennsylvania Bar Association