Tenancies in Common - Legal and Practical Issues

Training Provided by Lorman Education Services nDuring the last five years, the tenant-in-common offering industry has grown to approximately $5 billion in annual equity raised. While specific data is hard to find, industry experts estimate that between $10 billion and $12 billion has been raised and spread across more than 2,000 offerings. In the last year, the number of materially under-performing TIC transactions has increased. As the commercial real estate market worsens, more workouts will be likely. This teleconference is aimed at helping those who have an interest in the property which is the subject of the TIC transaction consider the various issues affecting distressed TIC transactions. The teleconference will discuss the nuts and bolts of TIC transactions and then turn to the workout of the distressed transaction. In that context, we will consider types of workouts, methods of raising money for the distressed TIC deal, the treatment a master lease, voting issues and issues raised by the current bankruptcy cases of LandAmerica and DBL. This teleconference is critical for you to understand the bankruptcy and insolvency issues affecting TIC transactions, and will discuss negotiation and workout strategies designed to achieve. You will gain a greater understanding of the implications of distressed TIC Transactions.

Tenancies in Common - Legal and Practical Issues Agenda

1. Overview of TIC Transactions
1. Structure of a TIC Deal
2. Future Trends in TIC Financing
3. Defining a Distressed TIC Deal
2. Distressed TIC Transactions
1. Workout Considerations
2. Financing the Distressed TIC Deal
3. Treatment of Material Deal Agreements
1. Masters Leases
2. TIC Agreements
3. Loan Documents
4. Review of Voting and Control Issues
5. Review and Analysis of Current Insolvency and Litigation Issues: DBSI, LandAmerica and §1031 Exchange
6. Future Trends
3. Conclusion, and Questions and Answers

About The Training Provider: Lorman Education Services

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