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Acquisitions, Conversions And The Exit Strategy
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 The retention of a law firm is
a business decision, and like any business decision, a cost-benefit analysis must be applied.
Our firm is only of value to your park if the benefits provided by our service outweigh the fees, costs and risks
associated with the implementation of a particular strategy. The foregoing analysis applies most prominently in
the development of what our firm terms the "exit strategy".
In summary, the exit strategy refers to the series of tax, legal, financial and business issues associated with
the acquisition and divestiture of your park. This strategy may be applied to any investment, from a limited partnership
interest in a mobilehome park partnership to the eventual sale of a multi-park portfolio.
The attorneys of our firm have many years of experience in representing buyers and sellers of all types of real
estate and businesses, including mobilehome parks. We have prepared long-term ground leases and have assisted park
owners in the development of asset protection plans, such as the formation of family limited partnerships, irrevocable
trust arrangements and corporations.
Our attorneys have represented park owners in the technically complex area of park conversions, as well as the
sale of parks to tenants (utilizing both a sub-division approach and a non-profit corporation approach).
We also regularly provide assistance in coordinating estate planning issues with park operations. Proper estate
formation is critical to the eventual implementation of an investment exit strategy.
We expect to be the legal counsel for your park from the date of acquisition until the date of sale. An over-riding
theme of our representation during this period will be the constant analysis of whether a particular legal strategy
makes good business sense.
It is our experience that law firms representing mobilehome parks typically utilize what we term the regulatory
approach to legal representation. In summary, the law firm's focus is upon whether the proposed actions of the
mobilehome park are lawful.
In addition to our mobilehome park clients, our firm represents closely and publicly held business concerns located
throughout California. We have successfully applied our experience as business attorneys to mobilehome park operations
and have implemented a business approach to legal representation. |
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