February’s meeting features guest speaker L.T. Caplan, a local attorney who specializes in real state law. L.T. will be teaching TRIG members about basic real estate contracts.
Class will review the required elements to form a binding contract to sell/purchase real property and assignment contracts. In addition, this class will discuss each element in detail, issues that might arise if they aren’t written properly, as well as various issues and common terms and clauses that can help or cause significant liability.
About LT (in his own words, sorta)
My name is L.T. Caplan, and I grew up in Virginia Beach. I have always been interested in real estate. In high school, I visited large commercial construction site, reviewed plats, learned about easements and returns on profits and the nature of investing in real estate as a business. In college, I interned at various title companies. My first legal position was at a high volume residential real estate law firm in South Florida during the boom. There, the partners of the firm owned an affiliated title company, mortgage brokerage business, and acted as hard money lender. We averaged over 300 closings a month and believe the firm peaked at over a 1,000 transactions a month. There, I represented buyers, sellers, investors, management companies, developers and lenders in their real estate transactions. I am well versed and have advised clients in various ways to purchase and sell real estate. After this, I worked as in-house counsel for one of the largest private land owners in the United States. At this position, I was involved in the purchase or sale of over 9,000,000 square feet of commercial assets, worth more than $250,000,000.00 with most assets being worth at least $20-30,000,000.00. I also ran the company’s 1031 tax program, where the company would purchase a large commercial asset (i.e. $25,000,000 commercial retail center), securitize said asset and sell the interest to third party investors looking to take advantage of the 1031 tax laws.
Over 8 years ago, I opened L.T. Caplan Attorney At Law, PC, along with my first title company. I also am a member of Asset Recovery Associates, PLLC, a collection law firm that specializes in Landlord Tenant Matters. Collectively, the firm has 3 attorneys and a large support staff and is dedicated to service. This firm has closed over 10,000 real estate transactions, including numerous retail and multi-family properties, drafted numerous contracts and agreements, formed hundreds of legal entities, and currently, we have substantial landlord-tenant clients. No client or transaction is too big or too small for our assistance and we truly treat all as if they were our only client. I also act as an asset manager for one of my clients who owns substantial multi-family apartment complexes and commercial properties.