Real Estate

Real Estate Development & Finance

Apartments, condominiums, shopping centers, mixed-use projects, office buildings, hotels, industrial properties and golf course communities: our real estate lawyers have extensive experience handling sophisticated transactions for both domestic and non-U.S. clients involving all kinds of real estate assets. We regularly help both individual and institutional clients with the negotiation and structuring of equity joint ventures, and with the formation of limited-liability companies and general and limited partnerships.

From project inception to completion, developers and owner/operators including Ultima Holdings, The Muntzing Sattele Company, and ABG Development trust Stites & Harbison to stay on top of legal details including planning, acquisition, financing, construction, leasing, contract negotiation, and negotiating easements and access rights for a variety of properties.

Examples include:

  • Handling purchasing and refinancing matters for five shopping centers developed by one of its clients
  • Working closely with another client in developing rural land into booming residential subdivisions
  • We have also helped clients form equity joint ventures for developing vertical mixed-use projects in several states. The projects ranged in value from $25 million to $85 million each.
  • In another instance, our firm handled the $150 million purchase of 40 apartment complexes throughout the country on behalf of a public company, while at the same time helping a residential developer put together six tracts involving more than 20 legal descriptions for a mixed-use development of mid-priced homes for working families.

The real estate attorneys in our firm's Lexington office have helped several clients realize innovative mixed-use development projects throughout central Kentucky. Many of these are communities developed around golf courses, which incorporate the conservation of scenic land.

Other real estate deals the firm has handled include:

  • Retail and shopping centers
  • Airports
  • Low-income and multi-family housing developments
  • Multi-use developments
  • Office buildings
  • Business and industrial parks
  • Golf resort communities
  • Residential developments, including single family homes
  • Specialty properties such as hotels, mobile home parks and mini-storage warehouses

Lenders and borrowers count on Stites & Harbison to represent them in matters like mezzanine and mortgage financing, debt instrument conversion, joint ventures, and other arrangements. Our attorneys serve pension funds, institutional advisors, credit companies, insurance companies, and individuals.

Along with the traditional tasks of due diligence and document preparation, our real estate attorneys and paralegals "get the deal done" by taking a proactive approach to ensure that every detail is covered so the deal does not stall. We will never present a problem to a client without solutions in hand.

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Press Releases

John Weber Selected as President of YPAL Board of Directors for 2021-22

LOUISVILLE, Ky.—The Young Professionals Association of Louisville (YPAL) has selected Stites & Harbison, PLLC attorney John Weber to take over the President-elect position vacated by Cassidy Hyde, as she was hired as the organization’s Executive Director last month.

by Stites & Harbison, PLLC June 01, 2021
Press Releases

Dan Douglass and Bill Joseph Recognized in 2021 Georgia Super Lawyers

ATLANTA—Stites & Harbison, PLLC attorneys Dan Douglass and Bill Joseph were recently honored in the 2021 Georgia Super Lawyers magazine.

by Stites & Harbison, PLLC May 04, 2021
Press Releases

National Black Lawyers Names Jordan Gilliam to Top 40 Under 40 List

LEXINGTON, Ky.—The National Black Lawyers (NBL) has selected Stites & Harbison, PLLC attorney Jordan Gilliam as a Top 40 Under 40 honoree.

by Jordan Gilliam April 12, 2021
Press Releases

Stites & Harbison Promotes Three Attorneys

LOUISVILLE, Ky.—Stites & Harbison, PLLC announced today that three attorneys have been promoted within the law firm effective January 2021.

by Stites & Harbison, PLLC January 04, 2021
Press Releases

Bill Joseph Recognized in Georgia Trend’s 2020 Legal Elite

ATLANTA—Georgia Trend magazine has selected Stites & Harbison, PLLC attorney William M. (Bill) Joseph as one of its 2020 Legal Elite in the category of Taxes/Estates/Trusts Law. This is the seventh time Joseph has earned the Legal Elite honor.

by Stites & Harbison, PLLC December 03, 2020
Press Releases

Stites & Harbison Welcomes John Weber

LOUISVILLE, Ky.—Stites & Harbison, PLLC welcomes attorney John Weber to the firm’s Louisville, Ky., office.

by Stites & Harbison, PLLC October 20, 2020
Client Alerts

The Tennessee COVID-19 Recovery Act

On August 12, 2020, the Tennessee General Assembly passed the COVID-19 Recovery Act (the “Act”), which was enacted into law by Governor Bill Lee’s signature on August 17, 2020.

by Michael B. Schwegler (Mike) August 18, 2020
Client Alerts

GSEs Announce New Fee for Consumer Residential Loan Refinances: Lenders Brace for Added Costs and Potential Compliance Concerns

On August 12, 2020, the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) delivered a harsh blow to lenders and consumers in the residential mortgage market when they announced they would impose a .5% fee (i.e., a 1/2 “point” in mortgage finance parlance) on refinance mortgages purchased by Fannie Mae and Freddie Mac after September 1, 2020.

by Brian M. Bennett and Michael B. Schwegler (Mike) August 18, 2020