Tina R. Makoulian is the Practice Leader of Ballard Spahr’s Real Estate Development and Transactions Group. She concentrates on complex real estate development, acquisition and disposition of commercial properties and commercial leasing.

Tina represents owners and developers of all property types. She has extensive experience with office, retail, and industrial leasing, on both the landlord and the tenant side. She frequently handles portfolio acquisitions and dispositions of stabilized assets, particularly in the office and multifamily areas. Her clients have included shopping center REITs, office REITs, real estate investment fund managers, manufacturing companies, national retailers, and developers of a variety of projects, including mixed-use projects and transit-oriented projects.

Professional Activities

• American College of Real Estate Lawyers (ACREL), Fellow
• Commercial Real Estate Women (CREW), Philadelphia Chapter, Past President
• Pennsylvania Bar Association
• Pennsylvania Bar Institute, Real Estate Institute Planning Team

Recognition & Accomplishments

• Chambers USA, real estate law (Pennsylvania), 2006-2019
• The Legal 500 US, real estate and construction – real estate, 2017-2019
• The Best Lawyers in America, real estate law, 2009-2017, 2019, 2019
• Honored by Philly Power Women as a Leader in Commercial Real Estate, 2019

Tina frequently lectures on real estate issues and trends. She has given numerous presentations over the years to many groups, including the Pennsylvania Bar Institute, ACREL, the American Law Institute-American Bar Association, and CREW, in addition to in-house programs at the firm and for clients.

Ballard Spahr LLP

With more than 650 attorneys in 15 offices, we can respond wherever and whenever our clients need us. We provide results-driven counsel and exceptional service in Litigation, Business and Transactions, Real Estate, Intellectual Property, and Finance.

Our Real Estate Finance Group is one of the most active in the country and is home to many attorneys who are ranked among the nation’s best. With more than 85 lawyers, we are leaders in the structuring, negotiation, and closing of complex, high-profile real estate debt and equity transactions.

Our attorneys bring decades of experience and tactical ability in a wide variety of deal structures, project types, and market conditions. We represent market participants across the real estate industry—from commercial and investment banks, mezzanine and bridge lenders, insurance companies, and pension funds to private equity firms and fund sponsors, as well as developers and investors seeking capital.

We advise clients across the real estate sector in public and private M&A transactions, including strategic portfolio acquisitions, leveraged or management-led buyouts, stock and asset-based transactions, and recapitalizations. We advise REITs, private equity companies, and other investors on roll-ups involving real estate assets, including multifamily properties, hotels and resorts, storage centers, retirement communities, affordable housing developments, and retail or mixed-use developments.