Raymond N. Baum
Raymond N. Baum is a partner in the Real Estate Practice Group of Pepper Hamilton LLP, resident in the Pittsburgh office. He also is a member of the firm’s Sustainability, CleanTech and Climate Change Team. Mr. Baum concentrates his practice in all aspects of real estate development, including acquisition, environmental evaluation and remediation, construction, historic and conventional rehabilitation, taxation, formation of development entities, zoning, financing, syndication and lease, with an emphasis on commercial, industrial, institutional multifamily real estate and affordable housing.
Mr. Baum represents real estate developers, nonprofit organizations, governmental bodies, builders, equity syndicators, investors, lenders, municipalities, housing and redevelopment authorities, property managers, lessors and lessees in the areas of real estate, property acquisition, eminent domain land use planning and controls, governmental procurement, construction, condominium, health facilities, tax-exempt financing, real estate tax assessment appeals, environmental, securities, partnership and corporate law. He frequently appears before planning commissions, municipal governing bodies, zoning hearing boards and authority boards, and has handled individual real estate transactions valued at several hundred million dollars.
Mr. Baum has experience with all aspects of real estate development and financing. He is familiar with the use of low-income housing and historic tax credits, and with economic development projects, particularly developments involving redevelopment authorities, industrial development authorities, the Pennsylvania Housing Finance Agency and HUD Mixed Finance Public Housing Development and the Hope VI program.
Mr. Baum has represented:
Mr. Baum is active in many professional organizations, including the Allegheny County Bar Association, the Pennsylvania Bar Association, the American Bar Association, the Pennsylvania Bar Institute (program speaker), the National Association of Industrial and Office Properties, and the Allegheny County Department of Economic Development. He is listed in The Best Lawyers in America and was selected for inclusion on the 2012 Pennsylvania Super Lawyers list.
- owners and management agents of HUD and other government regulated properties in connection with enforcement matters
- developers in several multi-building, multi-use developments involving air rights with separation of ownership of ground, buildings, ramps and layers of buildings, shared use of limited areas, and various forms of conventional, IDA and government-related financing
- the purchaser in the acquisition of a major office building purchased while under construction; negotiated and drafted the Agreement of Sale and Construction Management Agreement for completion of building; the transaction involved a springing use, air rights, extensive cross easements and development controls
- a nursing home in a successful loan workout involving additional capitalization, hostile takeover, transfer of stock to new owner, replacement of management, refunding of defaulted HUD-insured IDA bond issue, transfer of state licenses and complete reinstatement of HUD mortgage insurance
- the developers of over 20 affordable housing properties financed with low-income housing tax credits and various forms of gap financing, such as PHFA PennHOMES program funds, the HUD HOME program and Tax Exempt Bond issues
- the developers of more than 150 HUD-subsidized and FHA and FmHA-insured and HFA-financed housing and health care projects from property acquisition and zoning through equity syndication
- the nonprofit developer of a 300-unit housing rehabilitation project in Clairton, Pennsylvania involving (a) conventional first mortgage loan, (b) CDC second mortgage loan, (c) Redevelopment Authority revolving construction loan, (d) Pennsylvania Department of Community Affairs gap loan, (e) HUD rental rehabilitation loans for 100 rental units, (f) HUD 312 rehabilitation loans for sales units, (g) Pennsylvania Water Facilities Board loan for new community water system, (h) joint venture between a nonprofit and a for-profit developers, (i) sales of non-rental units, and (j) proposed Allegheny County Residential Finance Authority tax-free home refinancing
- the owners of over 50 affordable housing developments in connection with their real estate tax assessment appeals
- a redevelopment authority in connection with a defense of a class action lawsuit attacking its relocation plan adopted pursuant to the Uniform Relocation Act
- developers, housing and redevelopment authorities, and lenders in connection with HUD public/private partnerships for mixed finance development of public housing; projects included Low Income Housing Tax Credits, Community Development Block Grant funds, HOME program funds and other public and private financing
- the Allegheny County Housing Authority in connection with the McKees Rocks Terrace Hope VI Revitalization; the mixed finance, tax credit modernization of the Hays Manor Housing Community; the development of over six other mixed finance/mixed income developments; and the implementation of the Sanders Consent Decree
- ACTION-Housing, In c. in connection with the Caldwell Station mixed finance private-public housing development and more than eight CDBG and HOME Program funded housing developments, most involving tax credits and additional equity and loan facilities.
Mr. Baum is a member of the Development Fund Loan Review Committee of the Urban Redevelopment Authority of Pittsburgh and was appointed to the City of Pittsburgh Mayor’s Commission on Public Education and Governor Rendell’s Housing Transition Committee.
He also is active in many community organizations, including the Allegheny Conference Task Group to Recommend Economic Objectives to Southwestern Pennsylvania Regional Planning Commission, United Jewish Federation on Aging and Human Needs Commission, United Jewish Federation Allocations Committee Member, Squirrel Hill Urban Coalition (board member; member Urban Vitality Committee).
A.B. 1965 University of Pittsburgh
J.D. 1968 University of Pittsburgh School of Law
Admitted to practice in Pennsylvania