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23 ALI-ABA Course Materials J. 1 (1999)

handle is hein.ali/bucomatj0023 and id is 1 raw text is: ALI-ABA COURSE MATERIALS JOURNAL VOLUME 23 FEBRUARY 1999 NO. 1 'CNENS Real Estate Asset Management Agreement Mark 1. Carroll, Eaitor; by Philip D. Weller page 5 Philip M. Manley, Assistant Editor; by Phlip . Weler pge 5 John IDavis, Art Director; A well-drafted asset management agreement will define the respec- Joseph Mendicino, Circulation Manager; tive duties of the owner and the asset manager. By so doing, it will help ensure the profitability of the assets and a smooth relatiorship Kathleen H. Lawner, Advertising Director between the owner and manager. Updated from the ALI-ABA Course of Study Modern Real Estate The American Law Institute- Transactions, August 12-15, 1998. American Bar Association Committee on Continuing Why Loan Participants Can't Professional Education Afford To Be Passive Investors Billie J. Ellis, Jr. , Keith D. Kohlhepp, and Lisa M. West page 21 Charles Alan Wright, Chair Although loan participations appear to be passive investments, they Philip S. Anderson, Vice Chair are not. Participants should put the same amoimt of effort i 'o inves- tigating and supervising loan participations as they do in making Edward R. Becker * Charles L. Becton direct loans. In fact, a participation arrangement is almost as risky as Bennett Boskey - Paul J. Bschorr directly advancing funds to a borrower. Mortme M. al J Shorr Updated from the ALI-ABA Course of Study Banking and Commercial Lending Law, May 7-8, 1998. JoAnne A. Epps * Elise A. Geltzer Suzanne E. Graber * Robert J. Grey, Jr. Litigating the Deal Gone Bad: Environmental Phoebe A. Haddon * Geoffrey C. Hazard, Jr. Issues in Commercial Transactions Mary Kay Kane * Theodore A. Kolb by Daniel Riesel page 41 A. Leo Levin * Susan R. Martyn Environmental problems often generate litigation because they are Lizabeth A. Moody * John H. Morrison hard to anticipate and even harder to deal with in contract negotia- William G. Paul * Pamela D. Perdue tions; but, due diligence and the use of contract provisions specifical- Sherwin P. Simmons * Win. Reece Smith, Jr. ly drafted for the transaction can substantially minimize the potential Samuel C. Thompson, Jr. * Mervin M. Wilf for litigation. Updated f-om the ALI-ABA Course of Study Environmental Litigation Richard E. Carter, Executive Director sponsored with the cooperation of the University of Colorado School of Law, June 22-26, 1996. The ALI-ABA Course Materials Journal (ISSN: 0145-6342) is published bimonthly by The American Law Institute-American Bar Association Committee on Continuing Professional Education. Publication office: 4025 Chestnut Street, Philadelphia, PA 19104-3099. Editorial telephone - (215) 243-1604; circulation tele- phone- (215) 243-1644. Subscription rate: $35 per year. A single issue is $7.00, plus $.96 for postage and handling. Periodicals postage is paid at Philadelphia, PA and at an additional mailing office. POSTMASTER: Send address changes to ALI-ABA Course Materials Journal, 4025 Chestnut Street, Philadelphia, PA 19104-3099. Visit ALI-ABA's Home Page on the World Wide Web at http.//www.ali-aba.org. Need to find out what we've published on important topics in past issues of our magazines? Check out our articles database at www.ali-aba.Qrg/aliaba/sarticles.htm The object of the ALI-ABA Course Materials Journal is to publish materials useful to lawyers. All views or conclusions are those of the authors and not of the Editorial Staff or the sponsors of the Journal. Copyright © 1999 by The American Law Institute. ALI-ABA Estate Planning Course Materials Journal:

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