Due Diligence Essentials for Commercial Real Estate

Larry Woodard
Larry Woodard | K&L Gates LLP

Larry Woodard is a partner in the firm’s Real Estate practice. He has depth and breadth of experience in virtually every facet of real estate law, representing such diverse clients as Fortune 500 companies, public and private REITs, family offices, private equity funds, pension funds, developers, regional and national banks, institutional investors, special servicers, institutions of higher education, units of local government, contractors, subcontractors, material suppliers, landlords, tenants, condominium associations, property managers, receivers, and real estate brokers across the United States.

On-Demand: June 13, 2024

2 hour CLE

Tuition: $195.00
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Program Summary

With most contracts requiring a buyer’s “AS IS” purchase of commercial real estate, having a sound due diligence team, instilling due diligence procedures, and crafting workable contract language are all necessities when purchasing real estate. Further, the underlying purpose of the purchaser, such as income investment property or land for development, dictates the course of your due diligence. Buyers cannot purchase real estate with ignorance, hoping to rely on representations from the seller as, to the extent representations are even provided, representation and remedies are usually limited in time and capped as to their recovery. Buyers must make a full examination of the real estate and use all means at their disposal to discover and qualify the risks in purchasing commercial real estate.

Key topics to be discussed:

  • Questions to Ask When Purchasing Real Estate
  • Type of Information Needed in For a Particular Purchase by Asset Class
  • Evaluate What Is Market in Drafting a Due Diligence Clause in Most Purchase Agreements
  • Examine How the Representations and Remedies Within the Purchase Agreement Affect Your Due Diligence Rights and Responsibilities
  • Provide A Comprehensive Checklist for Commercial Real Estate Due Diligence

Closed-captioning available

Speakers

Larry Woodard_myLawCLELarry Woodard | K&L Gates LLP

Larry Woodard is a partner in the firm’s Real Estate practice. He has depth and breadth of experience in virtually every facet of real estate law, representing such diverse clients as Fortune 500 companies, public and private REITs, family offices, private equity funds, pension funds, developers, regional and national banks, institutional investors, special servicers, institutions of higher education, units of local government, contractors, subcontractors, material suppliers, landlords, tenants, condominium associations, property managers, receivers, and real estate brokers across the United States.

Clients engage Larry to handle complex matters involving multiple parties, properties, and sources of capital, in the development, construction, leasing, management, financing, zoning, acquisition, and disposal of their real estate interests. Larry’s diverse practice includes virtually all asset classes, such as mixed-use developments, adaptive reuse developments, urban and suburban office complexes, shopping malls and retail centers, hotels and resorts, hospitals, senior housing, master-planned communities, wind and solar farms, and industrial and manufacturing facilities.

Coming from his roots in a family-owned construction company, Larry brings a unique perspective in approaching all engagements with efficiency, pragmatism, creativity, and care. He has been on all sides of the deal, handling every stage of the life span of a real estate project from concept and capital stack, to land use and economic incentives, through due diligence, financing and acquisition, during construction or redevelopment, to lease-up and disposition.

In addition, as complementary components to his real estate practice, Larry has significant experience obtaining economic incentives, structuring investment entities, forming and negotiating joint venture and syndication arrangements, engaging in loan workouts, deed in lieu agreements and foreclosures, as well as overseeing litigation strategy for mechanics lien, construction defect, creditors’ rights, and general real estate litigation.

Larry has been engaged as an expert witness, has authored over 20 articles, and is a frequent presenter and commentator on all aspects of real estate and construction law as a thought leader in the industry. He was named an adjunct professor for the Center for Real Estate Law at the University of Illinois Chicago Law School and is currently co-chair of the Chicago Bar Association Commercial Real Estate Law section.

Agenda

I. Questions to Ask When Purchasing Real Estate | 1:00pm – 1:20pm

II. Type of Information Needed in For a Particular Purchase by Asset Class | 1:20pm – 1:40pm

III. Evaluate What Is Market in Drafting a Due Diligence Clause in Most Purchase Agreements | 1:40pm – 2:00pm

Break | 2:00pm – 2:10pm

IV. Examine How the Representations and Remedies Within the Purchase Agreement Affect Your Due Diligence Rights and Responsibilities | 2:10pm – 2:40pm

V. Provide A Comprehensive Checklist for Commercial Real Estate Due Diligence | 2:40pm – 3:10pm

Credits

Alaska

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Alaska's recognition of multi-jurisdictional reciprocity.
Alabama

Pending CLE Approval
2 General

Arkansas

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Arkansas's recognition of multi-jurisdictional reciprocity.
Arizona

Approved for CLE Credits
2 General

California

Approved for CLE Credits
2 General

Colorado

Pending CLE Approval
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 General Hours

Delaware

Pending CLE Approval
2 General

Florida

Reciprocity
2.5 General Hours

Receive CLE credit in Florida via reciprocity
Georgia

Approved for CLE Credits
2 General

Hawaii

Approved for CLE Credits
2 General

Iowa

Pending CLE Approval
2 General

Idaho

Pending CLE Approval
2 General

Illinois

Approved for Self-Study Credits
2 General

Indiana

Approved for Self-Study Credits
2 General

Kansas

Pending CLE Approval
2 General

Kentucky

Pending CLE Approval
2 General

Louisiana

Pending CLE Approval
2 General

Massachusetts

No MCLE Required
2 General Hours

Maryland

No MCLE Required
2 General Hours

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 General Hours

Minnesota

Approved for Self-Study Credits
2 General

Missouri

Approved for CLE Credits
2.4 General

Mississippi

Pending CLE Approval
2 General

Montana

Pending CLE Approval
2 General

North Carolina

Pending CLE Approval
2 General

North Dakota

Approved for CLE Credits
2 General

Our programs are CLE-eligible through North Dakota’s recognition of multi-jurisdictional reciprocity. Section 1, Policy 1.14
Nebraska

Pending CLE Approval
2 General

myLawCLE reports attendance to Nebraska on each attorney's behalf for all programs. Please do not self-report.
New Hampshire

Approved for CLE Credits
120 General minutes

As of July 1, 2014, the NHMCLE Board no longer provides pre- or post-approval of courses. Attendees must self-determine whether a program is eligible for credit, and self-report their attendance online at www.nhbar.org, based on qualification provisions of Rule 53.
New Jersey

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New Jersey's recognition of multi-jurisdictional reciprocity, except for the courses required under BCLE Reg. 201:2
New Mexico

Approved for Self-Study Credits
2 General

Nevada

Approved for Self-Study Credits
2 General

New York

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “A”.
Ohio

Pending CLE Approval
2 General

Oklahoma

Pending CLE Approval
2.5 General

Oregon

Approved for Self-Study Credits
2 General

Pennsylvania

Approved for Self-Study Credits
2 General

Rhode Island

Pending CLE Approval
2.5 General

South Carolina

Pending CLE Approval
2 General

South Dakota

No MCLE Required
2 General Hours

Tennessee

Approved for Self-Study Credits
2 General

Texas

Approved for CLE Credits
2 General

Utah

Pending CLE Approval
2 General

Virginia

Not Eligible
2 General Hours Hours

Vermont

Approved for CLE Credits
2 General

Washington

Approved via Attorney Submission
2 Law and Legal Hours

For CLE course attendance credit, Washington state attorneys must self-apply to the Washington State Bar. myLawCLE will supply Washington state attorneys with the self-application package and instructions on how to gain credit.
Wisconsin

Approved for Self-Study Credits
2 General

West Virginia

Pending CLE Approval
2 General

Wyoming

Pending CLE Approval
2 General

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