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April 24 - Understanding Ground Leases Part 2

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Date of Teleseminar: Wednesday April 24, 2024
Time of Teleseminar: 11 a.m. - Noon MT
Credit: 1.0 G


Ground leases are sophisticated contracts combining the elements of buy/sell agreements, commercial leases, and a sophisticated financing. A landowner enters a long-term lease with a developer who constructs a building or other improvements on the land. The developer generally finances the building, occupying it or leasing it out to other tenants, paying the landowner rent on the underlying ground over a long period of time. There are many benefits of ground leases for the landowner and the tenant. But they are very complex agreements involving sophisticated economic calculations and require very careful review. This program will provide you with a practical guide to how ground leases work, and negotiating and drafting them.
  • Major financing issues, including subordination
  • Construction and development issues
  • Special condemnation and casualty considerations

Speakers:

Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm’s real estate practice. He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use. He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology. Mr. Licata received his B.S., summa cum laude, from MacMurray College and his J.D., cum laude, from Harvard Law School.

John S. Hollyfield is of counsel and a former partner in the Houston office Norton Rose Fulbright, LLP. He has more than 40 years’ experience in real estate law practice. He formerly served as chair of the ABA Real Property, Probate and Trust Law Section, president of the American College of Real Estate Lawyers, and chair of the Anglo-American Real Property Institute. He has been named a "Texas Super Lawyer" in Real Estate Law by Texas Monthly magazine and is listed in Who’s Who in American Law. He is co-editor of Modern Banking and Lending Forms (4th Edition), published by Warren, Gorham & Lamont. He received his B.B.A. from the University of Texas and his LL.B. from the University of Texas School of Law.



Important information & login instructions:

  • This is not eligible as part of the 2024 Annual Pass.
  • Minimum attendance requirements must be met. No partial credit available.
  • Registration closes the day before the program; registration and payment must be received prior to 10 a.m. MT the day before the event.
  • About a day before the teleseminar, you will receive an email from cleonline@sbnm.org with the link to dial in via internet audio along with all relevant course materials. Please contact us prior to the program if you do not receive this email/link.
  • Teleseminars count as "Live Credit" for your yearly compliance.