Passionate about real estate development and housing affordability, Patrick Morse strives to understand the big picture of his clients’ needs so that he can effectively represent them in negotiating and analyzing real estate deals.
A detail-oriented, critical thinker and determined problem-solver, Patrick helps clients achieve their real estate development and investment goals, particularly in the areas of low-income housing tax credits (LIHTC), economic development, and real estate transactions. He represents syndicators in the acquisition of equity interests in LIHTC projects. Additionally, he represents developers and owners in various other real estate law matters including acquisitions, due diligence, and economic incentives.
Patrick’s experience includes buyer representation involving over a dozen multi-million dollar commercial acquisitions in several states, involving coordination and review of real estate purchase and sale agreements, title and survey issues, zoning, entitlements, environmental issues, and commercial leases. In this role, Patrick regularly coordinated with opposing council to ensure all documentation and due diligence review was completed for closings. Additionally, Patrick has significant experience representing low income housing tax credit syndicators by performing comprehensive legal analysis of affordable housing developments across the country. This involves negotiation of construction and permanent financing documents, analysis of entitlements, zoning, acquisitions documents, coordination of environmental, title and survey review, and preparation and negotiation of partnership/operating agreements reflecting the distribution of partner/member responsibilities and profits for a particular deal structure. Notably, Patrick has assisted a firm partner in drafting and negotiation of state and local tax incentive agreements involving tax increment financing and property tax abatement for very large commercial development projects in Ohio. Patrick has also assisted various firm real estate partners in a wide array of real estate finance and development research projects, including analysis of real estate broker laws, real estate financing options, commercial leases, and entitlements.
During law school, he authored a publication on a potential solution to Ohio’s looming affordable housing crisis, “Trumped Zoning: Constitutionality of Zoning Preemption (Oregon’s HB 2001) Under Ohio’s Home Rule Amendment.”