W. David Bernard

Shareholder

915.546.8203

David Bernard is an accomplished attorney specializing in real estate, lending, and mergers and acquisitions, with a legal career spanning over four decades. As a former President and Board Chair of ScottHulse (2006-2018), Mr. Bernard is committed to delivering exceptional results for his clients in complex real estate and business transactions, including cross-border U.S./Mexico deals. He is a board-certified Commercial Real Estate attorney in Texas since 1983 and has advised on everything from acquisitions and financing to joint ventures and syndications. A graduate of West Point and the University of Texas School of Law, Mr. Bernard also served in the U.S. Army and remains a dedicated community leader in El Paso, with key roles in numerous civic organizations.

Represented a privately held real estate investment trust in the acquisition of some of El Paso’s largest high-rise office towers and in the acquisition of historic downtown landmark properties acquired for restoration and redevelopment.

Represented the largest land developer in El Paso County, Texas in the development of integrated, mixed-use retail centers, including sales to major anchors, negotiation of joint development agreements among the anchors and pad site users, and ground leases with major national tenants on the pad sites.

Represented the largest land developer in Las Cruces in connection with the development of numerous major mixed-use development projects in the main Las Cruces growth corridor ranging in size from 8- to 10-acre office/retail projects to 100-acre-plus mixed-use commercial and multi-family housing (apartments and condominiums) projects.

Represented national development companies and brokers in connection with private sector real estate projects on the Fort Bliss, Texas military installation including structuring of transactions and advice as to applicable legislative jurisdiction for private real estate projects on a federal enclave. This advice was essential in determining the applicability of state and local laws to development projects on a federal enclave, including building codes, minimum wage, and state real estate licensing (broker) statutes and, more importantly, the applicability of state and local taxes to private real estate developments on federal lands. These projects involved coordination with the army and other governmental agencies, including the office of the Fort Bliss Staff Judge Advocate. Mr. Bernard’s prior experience as an officer in the Judge Advocate General’s Corps was invaluable in assisting in these public/private development projects on a military installation.

Represented the developers of the 110-acre inﬁll development of the old Las Cruces, New Mexico Country Club Golf Course, one of the largest inﬁll developments ever for a city of this size, from the acquisition stage through the current development of theinﬁll site into an integrated, mixed-use project that includes a major regional medical center and planned mixed-use retail, residential and commercial combinations.

Mr. Bernard has represented clients in the sale or acquisition of privately held companies ranging in size from $2 million to $120 million in enterprise value. These transactions have included the sale and/or acquisition of assets, stock sales and purchases, and mergers. Many of the transactions have involved operations in numerous states and countries, particularly transactions that involved maquiladora operations of either the selling or buying company in Mexico. A sampling of projects includes the following:

Represented a privately held, regional transportation company in the acquisition of Central Transportation Systems, Inc., one of the largest and most diversiﬁed household goods moving companies in the State of Texas. This transaction was structured as a taxable reverse subsidiary merger because of the diversiﬁed (though private) share ownership of the seller, and involved operations and facilities in every major city in Texas and many states of the Union.

Represented major Borderplex-based and mid-western based manufacturing companies in the acquisition of other businesses representing expansion opportunities. These transactions have involved asset purchases, stock purchases, and mergers, and have involved companies based in California, Minnesota, Florida, New Jersey, Connecticut, Texas, Oklahoma, and other states, many of which operations were consolidated to the Borderplex region following the acquisition. One particular transaction, involving the acquisition of the stock of a Connecticut Subchapter S corporation, was structured as a §338(h)(10) election under the Internal Revenue Code to allow the buyer to account for the transaction as an asset purchase rather than a stock purchase.