Managing Sponsor Takeovers Structured and Adverse

Description

Edward J. Hannon is a presenter for Managing Sponsored Takeovers – Structured and Adverse, a webinar sponsored by the Real Estate Investment Securities Association (REISA). 

The replacement of the original TIC sponsor by a new sponsor unleashes a host of legal and property issues.  Whether the change in sponsor is ultimately beneficial or detrimental for your investor depends on many factors. This webinar will illustrate the key issues and necessary steps to safeguard your investor’s property. Topics include: 

• Voluntary or forced replacement of sponsor?
• Legal side-effects of a sponsor change, including lender and document issues.
• The TIC owners: what are their rights, options and liabilities?
• What steps should a registered rep take on behalf of the investor? What to do; what not to do.
• The new sponsor: What are the asset management challenges and what are the critical steps needed to reboot the property?

The webinar will be held on Thursday, February 25 at 1:30 p.m. EST, 12:30 p.m. CST, 11:30 a.m. MST and 10:30 a.m. PST. 

Mr. Hannon is a Partner in the Firm’s Real Estate and Corporate Practice Groups.  He leads Freeborn & Peters' TIC Workout and Restructuring Practice, which represents tenant-in-common investors, both individually and as ownership groups in addressing TIC loan workout issues and in counseling owner groups through the process of transitioning to a replacement asset.