
Aaron Elster represents developers, lenders, tax credit investors, landlords, and tenants on a wide range of real estate transactions throughout the United States with extensive experience in historic rehabilitation and renewable energy transactions. Mr. Elster assists clients at every stage in the deal cycle, including providing tax advice. He chairs the firm’s opportunity zone practice group and is also a member of the real estate, community development, solar and renewable energy, and cannabis and hemp industry practice groups.
Professor Elster is also an adjunct professor of cannabis business law at Loyola Law School and serves as a board member Foster Nation and the East Los Angeles Community Corporation.
Mr. Elster has been named “One to Watch” by Best Lawyers from 2021-2025. Additionally, in 2024 Mr. Elster was recognized as a “Rising Star” by Super Lawyers Magazine.
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15
Aug
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Buchalter Attorneys Recognized as 2025 Best Lawyers “Ones to Watch”
Awards
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Buchalter is pleased to announce that over 30 lawyers have been included in the 2025 edition of Best Lawyers: Ones to Watch® in America. Best […]
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10
Jun
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Buchalter Attorneys Named 2024 Southern California “Rising Stars” by Super Lawyers Magazine
Awards
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Buchalter is pleased to announce that Super Lawyers has recognized several Buchalter attorneys as 2024 Southern California “Rising Stars.” Super Lawyers “Rising Stars” are top, […]
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17
Aug
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Buchalter Attorneys Recognized as 2024 Best Lawyers “Ones to Watch”
Awards
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Buchalter is pleased to announce that 26 lawyers have been included in the 2024 edition of Best Lawyers: Ones to Watch® in America. Best Lawyers: […]
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18
Aug
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Buchalter Lawyers Named to 2023 Best Lawyers: Ones to Watch in America
Awards
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Buchalter is pleased to announce that several lawyers have been included in the 2023 edition of Best Lawyers: Ones to Watch in America. Best Lawyers: […]
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19
Aug
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Buchalter Attorneys Recognized as 2022 Best Lawyers “Ones to Watch”
Awards
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Buchalter is pleased to announce 19 of our attorneys have been recognized by Best Lawyers as 2022 “Ones to Watch.” This award recognizes attorneys who […]
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20
Aug
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Buchalter Attorneys Recognized as 2021 Best Lawyers “Ones to Watch”
Awards
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Buchalter is pleased to announce 11 of our attorneys have been recognized by Best Lawyers as 2021 “Ones to Watch.” This award recognizes attorneys who […]
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26
Sep
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Buchalter Closes on Sale of Bed, Bath & Beyond Building
Firm News
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Buchalter represented Bed, Bath & Beyond, Inc. on the sale of a prime, 1.64 acre mixed-use development site in West Los Angeles, California. The transaction […]
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20
Sep
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Buchalter Closes on Sale of Dole Headquarters Building
Press
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Buchalter represented Dole Food Company, Inc. in the sale of its headquarters building in Westlake Village, California to the Conrad N. Hilton Foundation in a […]
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08
Aug
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Buchalter Closes $150MM, 46-Site Acquisition Real Estate Deal
Representative Matters
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Buchalter attorneys closed a $150MM, 46-site acquisition for client Four Corners Property Trust, Inc. (FCPT) in a sale-leaseback transaction with Brinker International (Chili’s). FCPT is […]
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Webinar
Strafford Webinar: Banking Issues in the Cannabis Industry: Managing Risk Under State and Federal Law
February 1st, 2023
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Publication
Inflation Reduction Act Brings Big Changes to Clean Energy Tax Incentives
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August 19th, 2022
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Purchase and Sale Transactions
- Represented private equity fund on $100,000,000 sale of industrial office portfolio in the Bay Area, CA.
- Represented developer in acquisition, and development of raw land for light industrial product and sales of over approx. $100,000,000 of light industrial development projects in Inland Empire, CA.
- Represented private equity joint venture in acquisition and financing of approx. 200,000 square foot office building complex in Seattle, WA area.
- Represented company in acquisition of raw land for development of distribution center in Las Vegas, NV.
- Represented REIT in $130,000,000 portfolio acquisition of 23 shopping center outparcels.
Renewable Energy Transactions
- Represented lenders and tax equity investors in connection with over $2 billion in cumulative placements in utility scale solar and wind farms in California.
Finance Transactions
- Represented owner/user in connection with $450,000,000 historic tax credit eligible rehabilitation in the Bay Area, CA.
- Represented tax equity investor in connection with $190,000,000 investment in a historic rehabilitation in New York City.
- Represented tax equity investor in connection with $43,000,000 investment in a historic rehabilitation in Philadelphia.
- Represented developer in connection with obtaining $86,000,000 construction loan for a medical office building in Salt Lake City.
Commercial Leasing Transactions
- Represented private equity joint venture as landlord in a build-to-suit lease of approx. 100,000 square foot distribution warehouse opposite major retail and logistics tenant in Inland Empire, CA.
- Represented entertainment company as a tenant on lease of approx. 100,000 square foot sound stage and separate approx. 60,000 square foot warehouse in Los Angeles.
- Represented entertainment company as a tenant in approx. 100,000 square foot office lease in San Francisco.
- Represented developer as a landlord in approx. 90,000 square foot industrial lease in Inland Empire, CA.
- Represented vehicle manufacturer in connection with lease of industrial research and development facility in Bay Area, CA.
Mr. Elster earned his JD/MBA and LLM in Taxation with High Distinction from Loyola Law School and his B.A. from UCSB in History and Political Science. While in law school Mr. Elster clerked for the Loyola Project for the Innocent where he helped secure the release of an innocent man who spent 34 years wrongfully imprisoned.
- Adjunct Professor of Cannabis Business Law, Loyola Law School
- Board Member, Foster Nation
- Board Member, East Los Angeles Community Corporation’
- Director, Mar Vista Neighborhood Council (2019)
Additional Specialties
Inflation Reduction Act