 OverviewRick is a founding partner of Munsch Hardt Kopf & Harr, and he serves as a member of the Operations Committee. He has held a variety of other leadership positions within Munsch Hardt, including the head of the Firm’s Real Estate Section, Vice Chairman, Managing Partner, Chief Operating Officer and Chief Financial Officer, and he served as a member of the Compensation Committee for more than 15 years. Rick’s representation of entrepreneurial real estate investors includes acquisition, development, construction, financing, leasing and sale transactions of all types of income and non-income producing real property. That representation has a strong emphasis on the lodging and resort industries, comprising the acquisition and development of mixed-use projects, hotels, condominiums and golf course properties. He has extensive experience in the structuring of transactions and the preparation, review and negotiation of contracts, management and operating agreements, partnership agreements, leases and conveyancing and financing documentation. The diversity of Rick’s practice gives him the ability to see all sides of a transaction and to anticipate and deal with potential issues and problems that may be raised by opposing counsel. Memberships
- Dallas Bar Association, Real Property Law Section
- Dallas Mortgage Bankers Association (Past Chairman of Commercial Committee)
- Dallas Zoological Society (Board of Directors and Executive Committee)
- Downtown Dallas, Inc.
- The Real Estate Council (Sustaining Member and Past Board of Directors Member)
OverviewRick is a founding partner of Munsch Hardt Kopf & Harr, and he serves as a member of the Operations Committee. He has held a variety of other leadership positions within Munsch Hardt, including the head of the Firm’s Real Estate Section, Vice Chairman, Managing Partner, Chief Operating Officer and Chief Financial Officer, and he served as a member of the Compensation Committee for more than 15 years. Rick’s representation of entrepreneurial real estate investors includes acquisition, development, construction, financing, leasing and sale transactions of all types of income and non-income producing real property. That representation has a strong emphasis on the lodging and resort industries, comprising the acquisition and development of mixed-use projects, hotels, condominiums and golf course properties. He has extensive experience in the structuring of transactions and the preparation, review and negotiation of contracts, management and operating agreements, partnership agreements, leases and conveyancing and financing documentation. The diversity of Rick’s practice gives him the ability to see all sides of a transaction and to anticipate and deal with potential issues and problems that may be raised by opposing counsel. ExperienceHotel Development Represented the developer in a $600 MM mixed-use luxury branded hotel, retail and multifamily development on a 4.6 acre tract in a historic part of Los Angeles, California, [more]Represented the developer in a $600 MM mixed-use luxury branded hotel, retail and multifamily development on a 4.6 acre tract in a historic part of Los Angeles, California, which ultimately served as a catalyst for redevelopment of this area. We also represented the developer in the development of additional luxury branded hotels in Dallas, Texas; San Diego, California; New Orleans, Louisiana; San Francisco, California; and Atlanta, Georgia. [less]Hotel Development + Pre-Sale Represented the hotel brand and owner in the development of a to-be-built high-rise mixed-use (hotel and multifamily) project in downtown Austin, Texas. The project was [more]Represented the hotel brand and owner in the development of a to-be-built high-rise mixed-use (hotel and multifamily) project in downtown Austin, Texas. The project was structured as a two-unit commercial condominium with the hotel brand and owner providing a pre-sale contract to acquire the hotel unit following completion. [less]Hotel Development Represented the developer in the development of multiple branded convention center hotels through public-private partnership with local municipalities [more]Represented the developer in the development of multiple branded convention center hotels through public-private partnership with local municipalities throughout Texas. While each was unique, the developer utilized local banks for debt financing and the city Economic Development Agency to provide mezzanine financing. [less]Hotel Construction Lending Represents a privately held real estate investment firm, and its subsidiaries, as the lender in programmatic structured finance transactions secured by existing hotels or [more]Represents a privately held real estate investment firm, and its subsidiaries, as the lender in programmatic structured finance transactions secured by existing hotels or construction loans on new hotel projects throughout the United States. [less]Mixed-Use Development Represents the owner of multiple components of a high-rise, mixed-use (multifamily, affordable housing, retail and public parking garage) in downtown Dallas, Texas. The [more]Represents the owner of multiple components of a high-rise, mixed-use (multifamily, affordable housing, retail and public parking garage) in downtown Dallas, Texas. The capital stack included tax credits, public-private partnership funding, private equity and bank financing through multiple banks. [less]1031 Exchange Transaction Represented a real estate investment company in the sale of a suburban multifamily project and the subsequent purchase of a high-rise office building in the "Uptown" [more]Represented a real estate investment company in the sale of a suburban multifamily project and the subsequent purchase of a high-rise office building in the “Uptown” area of Dallas, Texas, through a 1031 Exchange transaction. [less]Real Estate Portfolio Capitalization Represented a commercial real estate, asset management, investment, and operating company, and its affiliates, in the re-capitalization of a portfolio of three office [more]Represented a commercial real estate, asset management, investment, and operating company, and its affiliates, in the re-capitalization of a portfolio of three office buildings located in Houston, Texas; Seattle, Washington; and downtown Oklahoma City, Oklahoma. The recapitalization was effected through a sale of the properties to an affiliated entity and a loan from a major bank. Munsch Hardt, along with the affiliates counsel, handled all aspects of the sale, including the drafting and negotiation of the sale contract, new entity documentation, resolution of due diligence issues, review of the financing documents, and in the closing of the transaction. [less]Hotel Management Expansion Represented the development and management group for a luxury hotel company in the expansion of the hotel’s brand for the first time into third party [more]Represented the development and management group for a luxury hotel company in the expansion of the hotel’s brand for the first time into third party management. This expansion included third party management agreements for to-be-built hotels in Houston and Dallas, Texas. Munsch Hardt drafted and negotiated the respective Hotel Management Agreements and Brand Fee Agreements on behalf of the luxury hotel, and created a “form” agreement for the hotel to utilize as they continue to expand around the country. [less]Golf Course Foreclosure Represented the lender through its receivership and ultimately the foreclosure of a five star resort and golf club in Texas, all while working through operating issues, such [more]Represented the lender through its receivership and ultimately the foreclosure of a five star resort and golf club in Texas, all while working through operating issues, such as the uninterrupted hosting of a PGA Golf Tournament. The resort and golf club foreclosure is considered to be the largest foreclosure in Texas history. [less]
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