David G. Drumm
“In real estate you have to balance speed with being deliberative and contemplative. Real estate lawyers can be overly analytical, ‘Ready aim, aim, aim, aim…’, and end up afraid to fire. It’s important to be as analytical as the situation requires, but my job is to figure out what the client needs and then pull the trigger.”
Mr. Drumm serves on Carrington Coleman’s four-person Executive Committee. He is a transactional attorney whose practice focuses primarily on lending, real estate, and oil and gas transactions, and extends to other types of business transactions. In real estate, Mr. Drumm represents developers, lenders, investors, landlords and tenants, sellers and purchasers of land and income-producing property, investment managers, brokers, and home buyers and sellers. He routinely handles a broad range of real estate matters involving various aspects of the development, subdivision, construction, and financing process for all market sectors, including apartments, shopping centers, office buildings, warehouse and industrial properties, hotels, condominiums, and single-family residential subdivisions. Representative clients include a variety of religious and other non-profit organizations and a number of family investment groups.
Mr. Drumm handles real estate loans of all types, including home and construction loans and tax-exempt bond financing; foreclosures; work-out negotiations and reorganizations; lease negotiations for all land and building types; lease enforcement issues, residential lot warehousing transactions; and purchases of land for speculative investment or simultaneous resale.
He regularly represents oil and gas producers in connection with leasing, operating agreements, farm-out agreements, purchase and sale of producing properties, energy lending credit transactions, exploration agreements, title opinions, and various other aspects of the industry. He also has represented lending institutions making energy-related loans, and landowners who lease oil and gas properties to oil and gas operators.
The balance of Mr. Drumm's practice includes the representation of lenders in areas other than real estate and oil and gas, including asset-based lending and commercial loans; formation of limited partnerships, limited liability companies, and other business entities; and representation of parties to a variety of other contractual agreements, including franchise agreements, service contracts, co-ownership agreements, and equipment leases.
Mr. Drumm is listed in the 2012 and 2013 editions of The Best Lawyers in America in the area of Real Estate Law.
“I enjoy interaction with clients, particularly clients who own their own businesses and don’t deal with bureaucratic hierarchies. I like getting inside their heads and seeing the world through their eyes. You see the world one way for one client and differently for the next.”
Represented oil and gas producer in 9-figure sale of Barnett Shale properties.
Represented developer in securing ad valorem and occupancy tax rebates on mixed-use hotel, retail and office development.
Represented purchaser of 50 acres of commercial land out of bankruptcy.
Represented investors in an out-of-court insolvency workout of oil and gas promoter’s assets and liabilities.
Represented gas producer in joint development and exploration agreements in Williston Basin, Montana.
Represented decedent’s estate in work-outs with lenders and sales of multiple hotel/motel properties.