The firm’s real estate attorneys have deep experience representing developers of all types of real estate, including retail projects, mixed-use housing and commercial developments, and office buildings, including medical office buildings, among others. Our experience extends beyond Pennsylvania, as we have been involved in transactions in various states throughout the United States.
Within Pennsylvania, our representations of developers have included negotiations: (a) with the Pennsylvania Housing Finance Agency and the Pennsylvania Department of Community and Economic Development in connection with loans and grants from the Commonwealth; (b) with investors in low income housing tax credit transactions with respect to limited partnership agreements; (c) with unrelated not-for-profit and for-profit entities participating as members of general partners in affordable housing transactions; (d) with local redevelopment authorities and local economic development authorities throughout the Commonwealth in connection with land purchases and “soft loans”; (e) with banks and other conventional lenders with respect to construction and HUD-insured loans; (f) with the Philadelphia regional office of HUD in connection with HUD-insured loans; (g) with private sellers of properties scheduled for new development or rehabilitation; (h) with contractors and architects providing design and construction services; and (i) with community organizations in community benefit agreements.
We have engaged in numerous complex real estate transactions. Our experience includes the drafting and negotiation of partnership arrangements, ground leases, and sale/leaseback documentation in connection with the financing, refinancing, or development of healthcare facilities and affordable housing developments, among others.
During the course of our representations, we have been called upon to draft and negotiate a full range of agreements relating to the development and financing of all types of real estate. In addition to those mentioned above, these have included:
- Development agreements
- Office and retail leases
- Ground leases
- Agreements of purchase and sale
- Regulatory and operating agreements
- Conservation easements and restrictive covenants
- Access, utility and construction easements
- Property management agreements
- Real estate brokerage and leasing agreements
- Loan documentation, including loan agreements, promissory notes, mortgages, and related security instruments, such as assignments of project documents
- Intercreditor agreements
- Partnership and limited liability company operating agreements
Our attorneys also use their extensive environmental and real estate due diligence experience to structure, outline, and monitor all due diligence necessary to assure compliance with environmental laws and local permitting requirements for our clients who are purchasing or developing real estate.