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Practice/Industry Group Overview
Our Real Estate Asset Program (REAP) lawyers assist businesses through the evaluation of their real estate and facility portfolios to identify ways to gain fiscal, management, and financial value. Additionally, we assist businesses in managing their real estate holdings so the companies can focus on core business objectives. Our goal is to convert your real estate holdings from a liability to a performing asset.
Asset Program
Although some business entities view real estate as ancillary to their core businesses or as an inevitable expense, innovative management of corporate property and facilities poses tremendous real impact opportunities for both cost savings and core industry advantage. We can assist in lease negotiations, corporate relocations, acquisitions, dispositions, financings, tax incentives and many other creative ways to create value.
Portfolio Evaluation
Our experience has revealed that many companies decentralize the treatment of real estate assets due to its transactional and regional nature leading to missed opportunities. Our REAP lawyers evaluate your portfolio as a whole, considering lease arrangements, occupancy, excess space, locations, tax, and environmental considerations.
Our recommendations have included creative methods for maximizing property use, alternative ownership structures, and the utilization of tax incentives and abatement programs.
Portfolio Management and Advisory Services
We can function as your global real estate portfolio advisor and manager, through our comprehensive experience and multi-office locations. The REAP team is comprised of lawyers from our multi-disciplinary practice areas, including real estate, tax, environmental, litigation and estate planning. We will offer strategic planning for your real estate operating structure and process, and counsel you in assessing excess properties and coordinate the disposition of the same. Our preferred provider relationships make us a leader in outsourcing management.
Real Estate Holdings
Our team can assist you in most aspects of owning, leasing and financing your headquarters, multi-locations, distribution facilities and / or production centers. Our multi-office practice covers most locales within the United States offering centralized service.
Our goal is to be the single source for your real estate portfolio management needs.
Leadership in Action
Real Estate Finance: Achieving advantages in connection with relocation of distribution facility
Client: National mail order produce supplier
Type of Matter: Real Estate Finance
Our Client's Challenge: Secure development grants and favorable tax treatment in connection with relocation of regional distribution facility
The Goal: Negotiate with Ohio Department of Development to achieve client's goals.
Our Strategy: On the ground meetings and creation of competition between potential sites.
Results: Ohio Department of Development low-interest loan, job creation tax credits, training grants, equipment grants and 75%, ten-year personal property tax abatement and 100%, fifteen-year real property tax abatement and establishment of local enterprise zone for $40 million refrigerated distribution facility.
Leadership in Action
Real Estate Finance: Achieving tax and business advantages in connection with creative financing vehicle
Client: Fortune 500 Distributor
Type of Matter: Real Estate Finance
Our Client's Challenge: Secure off-balance sheet accounting/tax treatment in connection with portfolio of distribution facilities.
The Goal: Achieve preferential accounting treatment and asset flexibility within regulated financing constraints.
Our Strategy: Multidisciplinary approach in partnership with Big 4 accounting firm.
Results: Closed synthetic lease financing of warehouse/distribution centers and administrative centers nationwide which included site acquisition, contract negotiation, due diligence reviews, and documentation for compliance with tax and accounting guidelines. Client has realized the benefits of "off-balance sheet" accounting treatment while retaining development control and the tax benefits of property ownership.
About Our Real Estate Team
Baker Hostetler's real estate team has a history of getting projects developed and deals done. Our firm has the multidisciplinary strengths to solve all the complex contractual, environmental and tax problems that can arise in single-use or multi-use developments. We regularly work on multimillion dollar projects, and our team includes lawyers recognized by their peers as being at the top of their game.
About Baker Hostetler
Baker Hostetler lawyers help clients establish, maintain and protect market-leading positions across the United States and around the world. We offer clients the strength of 600+ lawyers in a full range of practices, a unique geographic platform including both the coasts and the center of the country, a deep knowledge of industry issues and a 90-year track record of excellence and achievement.
For more information about our real estate practice:
National Contact
Harlan W. Robins
614.462.2665
hrobins@bakerlaw.com
Cincinnati
Marty R. Dunn
513.459.3098
mdunn@bakerlaw.com
Cleveland
Elaine A. Chotlos
216.861.7937
echotlos@bakerlaw.com
Columbus
Harlan W. Robins
614.462.2665
hrobins@bakerlaw.com
Denver
John L. Palmquist
303.764.4095
jpalmquist@bakerlaw.com
Houston
Michael Pappert
713.646.1371
mpappert@bakerlaw.com
Los Angeles
Gary York
213.975.1622
gyork@bakerlaw.com
New York
Jacqueline Weiss
212.589.4230
jweiss@bakerlaw.com
Orlando
Jeffrey E. Decker
407.649.4017
jdecker@bakerlaw.com
Washington, DC
William J. Conti
202.861.1726
wconti@bakerlaw.com
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