Robert J. Douglas
"One of the best real estate attorneys in the state." -Chambers USA, Reference Feedback
Commercial and residential real estate lenders and developers rely on senior shareholder attorney Bob Douglas as an extension of their team. With over 35 years of experience, Bob helps his clients with everyday questions to large scale projects.
Bob practices out of the Davis Brown West Des Moines location, working across the state with corporate and individual clients including banks and other financial institutions, institutional investors, real estate developers, and landowners on a range of matters including sales, financing, acquisitions and mergers, transactional business, commercial loans, state tax credits, and regulatory work.
"An excellent attorney who is capable of handling extremely complicated work." -Chambers USA, Reference Feedback
“One of the best lender’s counsel in Iowa." -Chambers USA, Reference Feedback
- On a tight timeframe, Bob served as lender’s counsel in a multiple lender credit facility to construct a $23.5 million senior living community. This project required coordination and negotiations with borrowers and two other lenders with shared lien-priority position in a brief time frame.
- Bob represented a lender in a $9 million multiple tax credit transaction, including historic tax credits, for the redevelopment of a heavily damaged building, in a highly visible downtown location, into a mixed-use building. He successfully worked under time frames dictated by the city and met timing requirements for placing tax credit funds in service in a timely fashion. Bob was also brought in to resolve title issues and get the project back on track after a 6-month delay.
"Extremely good at getting things done." -Chambers USA, Reference Feedback
- Bob represented the owner of a property that wanted to recapitalize 135 housing units located on 46 properties. The project included tax-exempt financing, Low-Income Housing Tax Credits (LIHTC), and conventional debt to rehab low-income housing in Des Moines inner-city. With 46 separate properties, the project included a large amount of real estate work. The resulting project will result in updated housing with the goal of encouraging rehab of old housing in the area.
- Bob recently helped a developer with an $8 million revitalization project for the hospitality industry. The project’s primary goal was to maintain control of the entire site. He helped his client achieve that goal by working with a public-sector university to structure the transaction.