George Craft leads the firm’s real estate and real estate finance sections. His practice focuses on a wide range of real estate related transactions including real estate finance, acquisition and disposition of real estate related assets, structuring of various real estate entities and real estate loan workouts. His experience also includes representing clients in matters related to tax credit finance, mass tort finance, law firm finance, and aircraft and aircraft engine finance.
He has been Board Certified by the Texas Board of Legal Specialization in Commercial Real Estate Law and Residential Real Estate Law since 1983.
Representing Lenders
George represents lenders across the country in construction loans, development loans, loans secured by unimproved property and improved property, including regional shopping centers, office buildings, hotels, golf courses, industrial complexes, residential subdivisions, flex space, mid- and high-rise luxury condominium projects, mini storage complexes, and mid and high rise multi-family complexes, low-income housing tax credit transactions, housing finance corporation financing, historical tax credit transactions, public facilities corporation financing, and the construction of improvements on leasehold estates. He also represents lenders in connection with aircraft financing secured by airframes, aircraft engines and avionics and lenders providing law firm financing.
Representing Developers, Investors, Landlords & Tenants
George represents both foreign and domestic developers and investors in acquiring, disposing of, developing, and leasing all types of commercial real estate, including mid- and high-rise luxury condominium projects, mid- and high-rise multi-family complexes, office buildings, residential subdivisions, regional shopping centers, unimproved property, hotels, golf courses, deep water facilities, and industrial warehouses and developments. He also represents landlords and tenants regarding complex lease issues, including development agreements, operating agreements, reciprocal access agreements, and restrictive covenant agreements.
Honors & Recognitions
Best Lawyers in America, Real Estate Law
Texas Super Lawyers, Real Estate
Practice Areas
Credentials
Education
J.D., University of Houston Law Center, 1973
B.B.A., Texas Christian University, Finance, 1970
Admissions
Texas
Board Certified, Commercial Real Estate Law, Residential Real Estate Law, Texas Board of Legal Specialization
Experience
George Craft’s representations have included the following:
- The sellers of more than 22,000 acres of land located in Wharton and Colorado Counties, Texas together with related water rights and agreements with the LCRA.
- Certain partners in refinancing and redeeming partnership interests involving a 60-acre industrial complex in Houston, with over 1 million sq. ft. of warehouse space (the original Hughes Tool Company site).
- Seller of 3,500 +/- acres bordering the Rio Grande River for the construction of an international bridge between Texas and Mexico, including matters dealing with Class A water rights, border wall construction, Texas Attorney General approval, and agreements with the United States Border Patrol and U.S. Customs.
- Various lenders regarding numerous major multi-family projects.
- Lender in an $80,000,000 credit facility for the acquisition of the Gulf Coast's largest industrial park, which spans 10,897 acres (three-fourths the size of Manhattan), including rail and warehouse facilities which was subsequently upsized to $100,000,000+ for the expansion of rail facilities and warehouse construction.
- Various developers in acquiring, developing, leasing, and financing numerous retail power centers.
- Various developers in acquiring, developing, leasing, and financing numerous industrial projects.
- Lender in connection with $250,000,000+ credit facilities to residential lot developments in north Texas.
- Seller of Eagle Lake, one of the largest private lakes in Texas.
- Various lenders in connection with numerous luxury mid and high-rise condominium projects including a $100,000,000+ luxury high rise condominium project on the Gulf of Mexico.
- The purchaser of an 850+ acre industrial complex in Harris County, including warehouses, water treatment plant, wastewater treatment plant, and landfill facilities, together with ongoing development and leasing.
- Lender in connection with a $160,000,000+ loan for construction of an office complex in Dallas, Texas.
- Lender in connection with a $200,000,000+ loan for development of portions of a 4,300-acre master planned environment including infrastructure and vertical improvements in Harris County, Texas.
- Lenders in financing construction of numerous hotels, including historic tax credit transactions.
- Lenders engaged in law firm financing.
- Lenders in connection with in excess of one billion dollars of mass tort financing.
Newsroom
News
Media Mentions
Affiliations
State Bar of Texas, Member of Real Estate, Probate & Trust Law, and Environmental & Natural Resources Law sections
Texas Bar Foundation, Sustaining Life Fellow
Houston Bar Association, Member of Real Estate Law Section
American Bar Association, Member of Real Property, Trust & Estate Law Section; former Committee Member, Real Estate Finance Section
Houston Real Estate Lawyers Counsel, Member
Texas Association of Bank Counsel, Member
Texas College of Real Estate Attorneys, Member
River Oaks Property Owners Association, past President and Chairman of the Board
Proctor Academy, Andover, N.H.; past Member, Board of Trustees
River Oaks Baptist School, Houston, Texas; past Member, Development Board