Related insights: Real Estate

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The CDC’s Eviction Moratorium and the Pending Lawsuit to Stop It

Sep 16 2020
On September 2, 2020, the Centers for Disease Control (CDC) relied on little-known statutory powers to issue a temporary moratorium for most residential evictions, with a stated goal of reducing the risk of transmission of COVID-19. We provided an explanation of the CDC’s order in an earlier alert. Last week, a lawsuit was filed in federal court, on behalf of a landlord, seeking to halt or overturn the Order.
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CDC Eviction Moratorium

Sep 09 2020
In an effort to supplement the action by Federal, State, and local governments to combat the spread of COVID-19, the Centers for Disease Control and Prevention has taken the extraordinary step of issuing an Agency Order under Section 361 of the Public Health Service Act to temporarily halt residential evictions.
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Major South Carolina Appellate Decision on Property Tax Exemption

Aug 26 2020
Real estate investors acquiring properties in South Carolina have been granted some latitude when they fail to request an available property tax exemption. In a major decision issued on August 26, 2020, the South Carolina Court of Appeals held that a property owner need not claim the 25% property tax exemption when there is an “Assessable Transfer of Interest” (ATI) available to certain commercial properties during the first year of eligibility for the exemption.
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10 Key Considerations for Commercial Real Estate Loan Restructurings: A Primer

Jul 20 2020
Since commercial real estate is a “leverage” business, one common challenge that many owners will possibly face is the need to restructure the loans secured by their properties in order to achieve more realistic and achievable economic terms and to avoid loan defaults, foreclosures and the loss of their properties. As a Primer for those lucky few real estate owners and advisors that have not worked through previous real estate cycles (and as a refresher for those who have), here are ten key considerations to guide you generally in pursuing loan restructuring transactions with your lenders.
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Hotel Management Agreements Post-COVID-19: A New World?

Jun 01 2020
A hotel management agreement (HMA) is the core document governing the relationship between hotel owners and operators/managers. In a subsector of the commercial real estate industry particularly hard hit by COVID-19 disruptions, this relationship is being tested in unique ways. With the trough of the pandemic not having been reached, it is too early to predict permanent changes to the owner-manager relationship which may be reflected in future HMAs. Hotel brands may be able to offer owners short-term relief under franchise and management agreements, to test performance returns on an incremental basis without the need for sweeping document modifications. However, there are some long-term effects stemming from the disruption of COVID-19 that are likely to materialize.