Neil Rollnick Discusses the Expansion of Transfers of Development Rights

November 9, 2016

Neil S. Rollnick, a Miami-based partner and member of the Business & Commercial Transactions practice at Hinshaw & Culbertson LLP, was quoted in the article, "Experts eye ways to expand transfers of development rights," published by Miami Today on November 9, 2016.

The article examines use of county and municipal Transfer of Development Rights (TDR) programs, which many experts say are underused. The programs work by allowing developers to increase the density of a project by purchasing unused capacity from other property owners, essentially "virtual apartments moveable from one property to the next." Mr. Rollnick explains that "frequently, TDRs are used in areas developed years ago when capacity was less than what is presently allowed." 

Neil Rollnick has more than four decades of experience in business law with particular emphasis in real estate sales and acquisitions, commercial real estate and real estate-secured and asset based institutional loans, commercial leases, corporate and partnership transactions and business matters.

Hinshaw & Culbertson LLP is a U.S. based law firm with offices in 11 states and London. The firm's national reputation spans the insurance industry, the professional services sector—including representation of law firms and lawyers—and other highly regulated industries, such as banking and finance and the debt collection sector. Hinshaw also provides a series of closely coordinated litigation, business advisory and transactional services to clients of all sizes as well as governmental and public sector entities.