Real Estate Transactions
With more than 25 years of real estate transaction experience spanning multiple asset classes, Whitman Legal Solutions can manage clients’ real estate transactions from start to finish or provide more limited representation as needed. In addition, Whitman Legal Solutions is available to assist in obtaining necessary governmental consents or approvals and to provide advice on any federal, state or local governmental reporting/disclosure requirements.
Real Estate Ownership Structure and Finance
Whether you are acquiring or refinancing commercial real estate, Whitman Legal Solutions has extensive experience negotiating real estate joint ventures, as well as CMBS, agency, mezzanine, construction, bridge, and bank loans, even in the face of complex ownership or lender structures. Whitman Legal Services prides itself in structuring transactions and ownership structures so as to minimize closing costs and federal or state income taxes. Elizabeth Whitman also has extensive experience with structuring Section 1031 exchanges and tenant in common and Delaware Statutory trust ownership structures.
Whitman Legal Solutions also can help find practical and efficient solutions for distressed commercial real estate challenges via loan renegotiations, lease restructurings, foreclosure and receivership defense, and deeds-in-lieu of foreclosure negotiations.
Maryland Legal Opinions
Whitman Legal Solutions’ extensive business and real estate finance experience and an office located in Maryland in the Washington, DC Metro area makes it well-situated to provide Maryland legal opinions for REITS, real estate funds, and other Maryland entities. Plus,Whitman Legal Solutions’ limitation of its practice to business and real estate law matters results in fewer conflicts of interest than full-service law firms providing this service.
Real Estate Development
Real estate developers will appreciate Whitman Legal Solutions’ proactive and common sense approach in meeting the conflicting needs of owners, developers, lenders, and other stakeholders to find common ground and reach appropriate, cost-effective solutions to meet real estate development and construction goals. From due diligence, acquisition, and financing, to construction, leasing, and disposition, by finding a timely, cost-effective agreement among all parties, your project can move forward smoothly.
Securities Law
Whitman Legal Solutions guides real estate securities clients through the process step-by-step, from preparation of private placement memoranda and other offering documents, to preparation and submission of state and federal filings, assistance with preparing and negotiating broker-dealer and selling group agreements, and advice on investor relations matters. Whitman Legal Solutions’ focus is on finding creative and cost-effective ways to structure real estate securities offerings to meet client needs.
Commercial Leasing and Operations
Owners and property management companies can utilize Whitman Legal Solutions to protect owners’ interests through preparing, reviewing, and negotiating leases for landlord and tenants, including commercial leasing, free standing net leases, office leases and subleases, retail leases for both strip malls and large, regional malls, and flex space. Whitman Legal Solutions is also available to assist owners and managers of multifamily, student housing, senior housing, office, and retail properties with creation of lease forms, including compliance with legal disclosure requirements specific to their business operations as well as all services listed under Business Law.
Representative Transactions
Following are some of the transactions with which Whitman Legal Solutions’ attorney has assisted clients:
Acquisition, debt finance, and joint venture equity structure for a $121 million, five-property apartment portfolio in the Midwest
Sale of a five-property, 1,347-unit apartment portfolio located in the Southwestern United States
Acquisition, development, and private placement equity financing for a luxury hotel in a planned use development in the Upper Midwest
Structuring and preparation of the offering memorandum, subscription documents and review of marketing collateral for a $50 million blind pool real estate securities offering
Negotiation of forbearance and foreclosure document for the borrower under a $17.5 million mortgage loan on an office building located in New England
Sale of a 26,000 square foot, a 40-unit senior housing community in Northern California
Acquisition, debt financing, and structuring tenant-in-common ownership for an apartment complex located in the Southwestern United States