Colleges, Universities, and Other Nonprofits
Our Real Estate attorneys:
- Represent public and private colleges and universities, private educational institutions, research organizations, federal government agencies, state and local governments and quasi-governmental agencies, foreign missions and embassies, professional and trade associations, labor unions, arts organizations, and charitable organizations.
- Work on acquisition, disposition, development, financing, leasing, and build-to-suits of all types of real property for such nonprofit clients.
- Understand the unique financial and funding situations, time horizons, programmatic imperatives, and risk sensitivities frequently inherent in real estate matters involving nonprofit clients.
- Counsel on unrelated business income tax (UBIT) issues that often arise when tax-exempt organizations are involved in real estate transactions.
- Structure multi-phase development and disposition transactions, often involving long-term ground leases that enable clients like colleges and universities to realize revenue from underutilized assets.
- Navigate applicable regulatory and political issues; for example, working with the Office of Foreign Missions on foreign embassy and chancery transactions and working within the local political constraints of quasi-governmental clients.
Represented client in the acquisition of undeveloped land located at 4th and K Streets, NW, Washington, DC to be used to construct an first-class office building to serve as the new DC Bar headquarters.
Represented premier secondary school located in the District of Columbia on all aspects of its acquisition of properties adjoining its upper school campus.
Represented nonprofit organization in its acquisition of a development site for the development of a new 43,000 square foot headquarters that will serve as a hub for programs and community support.
Represented client in its ground lease of Square 54 to Boston Properties for development of trophy office, residential, and retail.
Represented client in its ground lease of Square 75 to Skanska for development of a 250,000 square foot office building.