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Updated over 4 years ago on . Most recent reply
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Referral for legal; multi-state CRE transaction
Greetings, I am looking at a multi state portfolio deal for single tenant medical office buildings. The locations are Ohio, Texas, and South Carolina. Does anyone have a referral for a real estate law firm with representatives in these three states?
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I'm in Texas. Most firms do not have a nation-wide presence (with nation-wide fee structure). We sub-out work in states where we don't have a licensed attorney. This looks like the GC/Sub structure. I have the relationship with the client and take direction from them. For any state that my firm doesn't have a licensed attorney, I reach out through my network and contract for the right attorney there. I don't have to pay salary year round or bill for those unused hours.
What I'm trying to say is that it is better to find a firm you can work with. We can figure out how to cover you in the states you do business.