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How did Mike DeAgro's experience co-founding a nonprofit advocacy organization lead to a career in the legal field? Find out more>

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Experience Spotlight

Envision to Sell to KKR for $9.9 Billion

We represented Envision Healthcare Corporation (NYSE: EVHC) in its definitive agreement to sell to KKR in an all-cash transaction for $9.9 billion, including debt. KKR will pay $46 per Envision share in cash to buy the company, marking a 32 percent premium to the company's volume-weighted average share price from November 1, when Envision announced it was considering its options. The transaction is expected to close the fourth quarter of 2018. Read more


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Thought Leadership

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Six Things to Know Before Buying a Physician Practice spotlight

Dermatology, ophthalmology, radiology, urology…the list goes on. Yet, in any physician practice management transaction, there are six key considerations that apply and, if not carefully managed, can derail a transaction. Download the 6 Things to Know Before Buying a Physician Practice to keep your physician practice management transactions on track.

Click here to download the guide.

Richard Spore Authors Article on Benefits and Risks of Triple Net Leases

Development

Publications

June 6, 2017

In an article published by Development magazine, Bass, Berry & Sims attorney Richard Spore provided insight on the benefits and risks associated with real estate projects in which landlords operate on a triple net lease model. While the gross rent model requires a landlord to pay 100 percent of operating expenses, the triple net lease model requires tenants to pay all operating expenses either directly or through reimbursement to the landlord. Building operators must rely on a multitude of factors in determining which lease structure works best for their particular situation, and those factors largely boil down to how to allocate certain economic risks between the landlord and tenant. Under the gross rent model, landlords bear the risk that actual operating expenses may exceed projections, but tenants risk overpaying the landlord if the actual operating expenses are lower than projected. 

"That risk can be reduced or eliminated with the triple net model, under which all operating expenses are shifted to tenants, although those expenses are sometimes subject to negotiated limitations," Richard said. Of course, there are risks to both parties under a triple net lease, such as balancing expenses and liability between the landlord and tenant(s) as it relates to building operation and repairs.

The full article, "The Benefits and Risks of Triple Net Leases," was published in the Summer 2017 issue of Development magazine, the official NAIOP.


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