Converting Distressed Real Estate Developments: Legal and Financial Considerations

In this Morningstar Institutional Equity Series webinar, our speakers explain the increased usage and prevalence of ESG, its benefits in the current market landscape and the value it will add to PitchBook public company profiles. Key takeaways Companies with greater ESG risk are less likely to receive wide economic moats, while also being prone to greater uncertainty ratings At present, our most overvalued companies—1-star stocks—carry considerably lower total ESG risk versus other star-rating cohorts, suggesting investors may be paying a high price to own firms with positive ESG credentials We view the greatest ESG risk in the energy and utilities sectors, and the lowest in technology and real estate

In this live product demo webinar, we illustrate how commercial real estate land professionals can use Digital Map Products' LandVision mapping solution to find, evaluate and capitalize on land and property opportunities.

Many real estate agents get into the sales from a previous job where they were an employee. As a result they often fail to recognize the needs and requirements of running a business and continue to exhibit the behaviors of an employee. In this webinar we will discuss the importance of recognizing a real estate career as a business and not a job. We will then look at the different stages of business growth, what may stop a real estate business from growing, and what bridges must be built to get to the next stage.

Under a letter of credit, a financial institution agrees to honor a demand for payment made by a beneficiary at an applicant's request. LCs are used in various real estate transactions: to support an underlying performance obligation such as construction, or instead of cash when, for example, an escrow is required under a mortgage loan or a security deposit is required under a lease. There are two types of LCs--commercial and standby--both follow specific rules, forms, and procedures dictated by the UCC, ISP98, or UCP. Counsel must draft and review LCs compliant with these rules and procedures and know the roles of the applicant, issuer, and beneficiary in issuing and drawing upon LCs. Counsel should also understand the different uses for LCs and how to tailor LCs to each transaction, including expiry dates and "evergreen" clauses, whether the LC should be transferable or not transferable, and whether single or multiple draws will be permitted. Listen as Buddy Baker, Vice President at Investment Banking Division, Goldman Sachs Bank USA discusses negotiating and drafting the critical terms in LCs and provides guidance through the annotated ISP98 forms. The panel will highlight using LCs in various real estate transactions and issues in making draws on LCs. The panel will also discuss alternative credit enhancements such as surety bonds and credit insurance and the advantages and disadvantages of each.