Article Detail

News & Knowledge

State Legislation Protecting Bulk Condo Unit Investors Set to Expire in July

February 09, 2018

GrowthSpotter

View Link

By A.D. Thompson

Alex Dobrev is highlighted in this GrowthSpotter article about the Distressed Condominium Relief Act expiration and what this could mean for the real estate market. As the vice-chair of the Condominium & Planned Development Committee of The Florida Bar and real estate shareholder at the firm, Dobrev questions whether this should expire at all. “There has been a battle between different interest groups,” he said. “Those who oppose the law feel like somebody needs to be responsible and on the hook at all times … but I think the vast majority of people would absolutely agree that the DCRA has been a good thing that has really made it possible for these condo projects to survive.” To read the article in full and find out how you can benefit, click on this GrowthSpotter link.


Alexander

Alex Dobrev is a shareholder and chairs the firm’s Multifamily & Condominium Group. He also serves as the vice-chair of the Condominium & Planned Development Committee of the Florida Bar, as well as its legislative chair.


Since the recession, Alex has focused a substantial portion of his practice on distressed properties acquisitions, operations and dispositions. In the context of “broken” or “fractured” condominium projects in particular, he often works with lenders, bulk investors, and receivers, in order to evaluate and implement exit strategies, including possible unwinding of the condominium regime, while identifying and minimizing potential successor developer liabilities and related risks.

In addition, Alex counsels clients regarding Interstate Land Sales Full Disclosure Act (ILSA) compliance matters, including full and partial exemptions from the Act and overall offering structure.

Meritas Law Firms Worldwide logo
Do Your Part Logo