PARTNER
Overview
Byron C. Prescott manages a national practice representing a variety of clients in various real estate matters. Byron’s prior experience as in-house counsel for a major international institution helps him better understand his clients’ needs and businesses when it comes to working with mid and large sized organizations. Byron has coordinated deals from raw idea through to conclusion and actively participates in the decision-making and business process. Byron is attuned to business issues and to the importance of timing in a business transaction as well as exit strategies. He focuses on meeting his clients’ business objectives and believes that high-quality work delivered efficiently is critical to his clients.
Experience
When his clients are in the market to buy, Byron advises his commercial real estate clients interested in the purchase and sale of notes secured by real property. Additionally, he helps guide borrowers who manage commercial loan and project finance transactions secured by all forms of real and personal property including inventory, machinery, equipment, furniture, fixtures, negotiable and non-negotiable instruments.
Byron’s over 25 years of experience as an attorney in the real estate industry provides him the opportunity to be an advocate for his clients in a variety of different transactions. For example, as a champion for his clients developing properties in urban settings, Byron negotiates with appropriate municipalities to help projects move smoothly and efficiently through the municipal approval process. Byron counsels banks and other lending institutions on various loan transactions such as resolving distressed and defaulting loans as well as loan foreclosures and modifications.
- Office buildings/complexes
- Multi-use developments
- Industrial buildings/parks
- Regional malls
- Shopping centers
- Hotels and resorts
- Condominium regimes
- Senior living communities
- Luxury Apartments (all classes)
- Master-planned residential communities
- Medical Facilities
- Restaurants
- Cellular Site Leasing
- 380 Agreements
Byron has handled a variety of real estate matters for the following types of clients:
- Developers
- Investors
- Lenders
- Profit participants
- Institutions
- Syndicators
- Landlords
- Tenants
- Real estate advisors
- Property Managers
- Special Servicers
- Real Estate Investment Trusts
- Restaurant Companies
- Hotel CompaniesMedical Providers
Associations
- Member, Dallas Bar Association
Education
- Bachelor of Arts, Southern Methodist University, 1986
- Juris Doctor, The University of Tulsa College of Law, 1992
Practice Areas
- Commercial Acquisitions & Dispositions
- Commercial Leasing/Workouts
- Commercial Loans & Loan Restructuring
- Landlord/Tenant Disputes
- Note Purchases & Sales
Admissions
- State Bar of Texas