CORRECTING and REPLACING Ballard Launches Distressed Real Estate Initiative

LAS VEGAS--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

BALLARD LAUNCHES DISTRESSED REAL ESTATE INITIATIVE

In response to the needs of clients in the distressed real estate market, Ballard Spahr Andrews & Ingersoll, LLP has launched a Distressed Real Estate Initiative to provide representation in acquisition, restructuring and bankruptcy matters.

“In this period of turmoil in the financial markets and economic uncertainty, new real estate opportunities and challenges present themselves,” said Michael Sklaroff, chair of Ballard’s Real Estate Department. “We stand ready to serve clients with respect to existing positions and also in assisting them in acquisitions and debt and equity investments in troubled projects.”

Over the years, Ballard has played a key role in counseling clients during real estate downturns. Ballard’s experience encompasses a range of real estate restructuring and bankruptcy matters for clients across the country. Ballard’s attorneys provide clear, practical and effective advice in all aspects of distressed real estate transactions.

Ballard clients include financial institutions, commercial and residential developers, investors, mezzanine lenders, master and special servicers, private equity companies, distressed debt purchasers and sellers, investment bankers, as well as debtors and creditors in bankruptcy matters throughout the country.

Representative matters include acquisition, sale, redevelopment and repositioning of distressed real estate, reorganizations and liquidations both in and out of bankruptcy, loan workout and enforcement actions, and restructuring of distressed projects.

Lawyers from ten Ballard offices throughout the nation, including those in key Mid-Atlantic and Western locations, are taking part in the Distressed Real Estate Initiative. Ballard’s national real estate practice serves clients wherever and whenever the need arises.

Ballard Spahr Andrews & Ingersoll, LLP is an Am Law 100 firm with more than 500 lawyers in 11 offices in the United States. The firm’s Real Estate Department, comprising 150 lawyers in ten offices, provides cutting-edge representation for corporate, institutional, entrepreneurial and public clients in acquisition, development, financing, leasing, sales and other flagship transactions. Ballard clients include Fortune 500 corporations, hospitals, universities, financial institutions, managed-care organizations, defense contractors, utilities, public officials and private individuals. Ballard combines a broad scope of practice with strong local market knowledge in its various engagements. For more information on the firm, please visit www.ballardspahr.com.