Acquisitions & Dispositions

• Represented a national, publicly traded home builder in the acquisition and development of undeveloped land for the development of residential and mixed-use communities, ranging in size from a few acres to over 1,000 acres per transaction, and ranging from $3MM to over $200MM per transaction. Many of the transactions consisted of multiple take-down closings and land banking arrangements. Some transactions comprised of finished, platted lot purchases from other homes builders and developers. Drafted and negotiated purchase and sale agreements, land use agreements, development agreements, easement agreements, terminations of easements, closing documents, licensing agreements, restrictive covenants, deposit mortgages, and other related documents. Conducted title and survey review and worked with surveyors, seller’s counsel, and title underwriting to remove encumbrances from title. Reviewed draft plats and prepared attorney plat letters. A few recent, notable transactions include:

  • Acquisition of approximately 257 acres of undeveloped land for a purchase price of approximately $51.8MM. This transaction also involved the development of a spine road on land to be retained by seller, which required multiple development and easement agreements and an escrow holdback arrangement to pay for the cost of the spine road.

  • An assemblage of five parcels of land from five unrelated sellers comprising approximately 33 acres of land for a purchase price of approximately $4.7MM for the development of a residential community comprising 78 detached single-family lots and related common areas. This transaction involved acquisition of land from undetermined heirs requiring a curatorship.

  • An assemblage of six parcels of land from various related and unrelated sellers comprising approximately 44 acres of land for a purchase price of approximately $4.65MM for the development of a residential community comprising 60 detached single-family lots and related common areas. This transaction involved access issues which required negotiation with neighboring landowners for public support in exchange for certain development restrictions and buffer zones.

• Represented a developer of a mixed-use project in the northeastern U.S. consisting of a five-star resort, a detached single-family home community, and equestrian and other amenities. Conducted a title and survey review of over 40 parcels of land totaling approximately 1,200 acres and advised the client how to leverage existing CC&Rs to obtain remaining portions of land needed for development owned by third parties.

• Represented an institutional client in a $15.4MM acquisition of a multi-property mainland and beach front hotel in Sarasota County, Florida. Conducted title, survey, and due diligence review, drafted and reviewed closings documents and post-closing agreements, and coordinated closing with the seller’s counsel.

• Represented an institutional multi-family investor in the acquisition and disposition of multi-family properties ranging from $20MM to $75MM in Florida, Georgia, and Texas. Drafted purchase and sale agreements and closing documents, conducted title, survey, and due diligence review, reviewed lease agreements, and reviewed loan documents and defeasance documents.

• Represented a developer in a $12.5MM disposition of a newly constructed medical office building. Drafted a purchase and sale agreement and closing documents.

• Represented a not-for-profit organization in a $9.3MM disposition of land adjacent to their building to a residential condominium developer, which included redevelopment of their existing parking lot and multiple easement agreements retaining rights to parking and exclusive use and enjoyment. Drafted and negotiated a purchase and sale agreement, declaration of covenants, easements, and restrictions, and other easement agreements.

• Represented a gulf club owner and operator to create a reciprocal membership structure to offer club members reciprocal access rights to each club and future clubs.

• Advised a client and developed a strategic plan to obtain the requisite voting interest in a timeshare project to terminate the timeshare plan, obtain the remaining interests in common, and redevelop the units as a whole ownership condominium project.

  Leasing

• Represented a national, publicly traded service-related client as tenant in connection with multiple office lease transactions nationally. Reviewed and negotiated triple net lease agreements for large scale office and mixed-use buildings.

• Represented an international, publicly traded manufacturing client as tenant in connection with multiple lease transactions nationally and globally. Reviewed, drafted, and negotiated gross, absolute, and triple net lease agreements for warehouse space, manufacturing facilities, and offices, each ranging from a few thousand square feet to hundreds of thousands of square feet. Drafted executive summaries of leases to general counsel. Reviewed and responded to requests for estoppels, SNDAs, and other lease related requests, drafted lease amendments, and advised on lease and other real estate matters.

• Represented multiple publicly traded clients as tenants in connection with leasing of office space at the Sparkman Warf and Water Street developments in Tampa, Florida. Reviewed and negotiated triple net lease agreements in mixed-use buildings.