David Pratt is committed to achieving his clients’ objectives by providing responsive, pragmatic, forward thinking and value-added legal advice in the areas of commercial real estate, commercial lending and closely held business transactions. His clients include banks and other financial institutions, developers, investors, insurance companies, real estate investment trusts, healthcare companies, hedge funds, family offices, professional service companies and charitable institutions.
Martindale-Hubbell AV Preeminent® Rated Texas Bar Foundation, Fellow Dallas Bar Foundation, Fellow Listed in Texas Super Lawyers Listed in D Magazine, “Best Lawyers in Dallas,” Real Estate Law Acquisitions & dispositions Representation of investors, owners and developers in the acquisition and disposition of various types of commercial real estate properties (including warehouses, office buildings, shopping centers, regional malls, hotels, apartments, mixed-use projects and land). Entity & transaction structure Advising clients with respect to transaction structures and formation of organizational entities, preparing partnership and company agreements, purchases and sales of interests in privately held companies, mergers and acquisitions, as well as restructuring of ownership and control. Finance Representation of a variety of lenders and borrowers in a wide range of debt and equity transactions, including construction loans, bridge loans, permanent loans, lines of credit, preferred equity structures, syndications, participations, and mezzanine loans. Development Representation of developers and other investors in all stages of commercial real estate development projects, including land planning, entitlements, platting, zoning, permitting, due diligence, acquisition, financing, construction, leasing and disposition. Property management Representation of property managers and property owners in the negotiation of property management and leasing agreements and providing advice with respect to operational issues related to income producing properties. Leasing Representation of landlords and tenants in major retail, industrial, office, industrial, healthcare and mixed-use leasing projects, with experience in lease review, abstract, drafting, negotiation and other matters related to commercial leasing. Workouts & restructuring Representation of lenders and borrowers in connection with the workout and restructuring of troubled loans, which often includes modification of the loan documents, forbearance and bringing in new equity or debt, and sometimes includes sale of the note, foreclosure of the loan. Asset management Advise asset managers and owners, often after an asset has been acquired through a foreclosure, on a plan of improvement of a troubled real estate project, often with bringing on a property management team, developing a leasing plan, completing construction of other improvements, with the goal of stabilizing the asset, and then turning around and selling the asset. Dispute resolution Counsel clients in resolution of commercial disputes between joint venture partners who seek a “business divorce” as well as borrowers, guarantors, creditors and contractual counterparties involving default and exercise of remedies that may lead to pursuing or defending claims in the context of mediation, litigation, arbitration, receivership or bankruptcy. Local counsel Issues legal opinions in connection with multistate projects and serves as local Texas counsel for transactions originated outside of Texas secured by real property in Texas. Outside general counsel Provide legal services to banks and private companies to provide custom tailored pricing solutions for outside general counsel needs.