21. Legal & Regulatory Challenges in CRE with Rick Jones, Finance & Real Estate Partner, Dechert LLP

We welcome Rick Jones, Partner and Co-Chair of Dechert’s finance and real estate practice. Under his leadership, the 150 attorney practice focuses on sophisticated capital markets and mortgage finance transactions, providing lenders with innovative deal structuring, creative financing strategies and efficient execution. In this episode, we discuss structural changes that may come out of this crisis, a federal bailout for CRE, the potential impacts of the upcoming U.S. presidential election, and changes to CRE legal work in this environment. Episode Notes: Comparing this crisis to the Great Recession (0:34) Structural changes coming out of this recession? (2:05) How has COVID-19 changed the type of legal work in CRE? (4:02) The equilibrium between borrowers and lenders (5:38) A federal bailout for the lodging industry? (7:30) Lending winners and losers coming out of this environment (12:02) Potential impacts of the upcoming U.S. presidential election (14:48) The shifting needs of office tenants (16:48) Future of CECL? (18:22) Where is the systemic risk? (20:19) Predictions for conferences resuming (23:16) Takeaways from Mr. Jones’ conversation with Sam Zell (25:57) The force majeure battle (27:22)