Adam Leitman Bailey Spoke to Columbia Law School Real Estate Finance Class About His Experiences and Knowledge Litigating Real Estate Cases
On April 25, 2022, Adam Leitman Bailey addressed a Columbia Law School Real Estate Finance Class and discussed “The Most Important Cases that Every Transactional Attorney Must Know to Represent Clients Effectively”.
The professor, Steven G. Horowitz, called it “a review from the trenches.” He used personal anecdotes and his own cases as well as some of the most important and useful cases ever decided that every future transactional attorney should know before practicing transactional law or working for a company. He delved into each story and case and explained in each instance the importance to the transactional attorney and in between gave some tips on being a good lawyer and even used some of his own prominent cases as examples.
The history of commercial real estate financing and investment transactions has been characterized by continually increasing complexity, which reflects growing and sophisticated needs of borrowers, lenders, equity investors and other market players. The Real Estate Finance Course in Columbia Law School discusses basic acquisition, leasing and mortgage finance and other more complex devices, involving both debt and equity transactions, in which the course compares traditional financing and investment methods with those used in more recent capital markets applications, including commercial mortgage-backed securitization and joint ventures. The course examines various legal issues as they arise in the context of these evolving methods, and compares and contrasts the worlds of real estate and corporate finance. In examining different types of transactions, the students focus on equity ownership and debt structures as well as risk-reward analysis as it applies to owners, investors, borrowers, lenders and other transactional participants so as to understand how various financing techniques are utilized to meet changing economic needs and evolving markets. The course also explores real estate finance in the context of recent crises in real estate capital markets, examining how the complexity of financing transactions may have contributed to the crisis, areas of potential reform and other current issues.