Due Diligence Essentials for Commercial Real Estate

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.

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.

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