COURSE DESCRIPTION
Master the sophisticated world of real estate transfer restrictions where ownership flexibility meets investment protection through carefully crafted preferential purchase rights and transfer limitations. This specialized program addresses the complex legal and practical considerations that govern first refusal and first offer provisions in real estate transactions. Learn to balance property owner rights with investor protection while creating enforceable and administrable transfer restriction systems.
- Draft first refusal and first offer provisions that provide meaningful protection while preserving property marketability
- Structure valuation and appraisal procedures that ensure fair pricing for preferential purchase rights
- Address notice requirements and response periods that balance holder protection with owner transfer flexibility
- Navigate enforcement mechanisms and remedies for violations of preferential purchase rights
Speaker:
Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm’s real estate practice. He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use. He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology. Mr. Licata received his B.S., summa cum laude, from MacMurray College and his J.D., cum laude, from Harvard Law School.