ATLANTA (May 15, 2009) — Smith, Gambrell & Russell has formed a SWATT team to help real estate industry professionals — including developers, lenders and investors — assess the transaction risks related to distressed properties.
SWATT stands for Strategic Work-Out Attorney team and is a multidisciplinary group of attorneys with legal expertise in the following practices:
- real estate
- zoning and land use
- environmental law
Distressed properties present unique challenges, which are compounded by uncertainties in the financial markets. Attorneys from these various disciplines will help real estate industry professionals in assessing risk associated with property that is raw land; partially or fully developed land, new or incomplete construction, or occupied and operating projects.