Distressed Real Estate and COVID-19 – The Future is Here, Act Now
While COVID-19 restrictions and moratoriums may be coming to an end, COVID-19’s impact on real estate will continue to unfold. Landlords and tenants must still follow best practices: in short, know your contract, know your rights and remedies, and analyze the effect and cost of exercising those rights and remedies on your business and relationships. As retailers had to convert or expand online, curbside, and delivery services, real estate owners will need to reimage their space and the future demands and uses for their space. Short and long-term solutions will require creative and forward-thinking. Real estate has been down, but with a lot of capital still to be deployed across sectors, it is not out. Whether you view COVID-19 as an apocalypse or an accelerator of change already on the horizon, there is no better time than now to reimagine the future and consult your advisors to better understand the promises and pitfalls of the emerging real estate landscape.
ABOUT JOYCE KUHNS
Jkuhns@offitkurman.com | 410.209.6463
Joyce Kuhns is a principal lawyer and member of the Distressed Real Estate Group. She has represented owners, landlords, tenants, lenders and liquidating trustees in finding solutions to problems in the distressed real estate arena through the ups and downs of many economic cycles.
ABOUT OFFIT KURMAN
Offit Kurman, one of the fastest-growing, full-service law firms in the United States, serves dynamic businesses, individuals and families. With 15 offices and nearly 250 lawyers who counsel clients across more than 30 areas of practice, Offit Kurman helps maximize and protect business value and personal wealth by providing innovative and entrepreneurial counsel that focuses on clients’ business objectives, interests and goals. The firm is distinguished by the quality, breadth and global reach of its legal services and a unique operational structure that encourages a culture of collaboration. For more information, visit www.offitkurman.com.
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