Sam A. Bacot | McGlinchey Stafford PLLC

Sam Bacot passed away on December 22, 2023.

With deep roots in Louisiana, Samuel “Sam” A. Bacot focused his practice on representing clients with real estate interests, handling matters in the areas of commercial and industrial real estate, multi-family leasing, related land use and zoning law, corporate, and business law. Sam had special experience in large property assemblages, resubdivision, and site plan approvals of all sizes. His clients covered a wide range of industries including gaming, race tracks, petrochemical, residential subdivision development, shipping, commercial retail, and office real estate.

Sam practiced law in informal and very communicative ways, which he learned to do through many years of high-pressure practice. He kept clients informed at all times, talking to them as peers. He and his team paid close attention to detail and took responsibility for seeing a deal all the way through. They not only met deadlines, they made a conscious effort to come in ahead of schedule. This was important to him in the business of finding and solving problems: building flexibility into the calendar afforded them time to do that. He avoided any last-minute panic, which gave clients comfort. Over his many years of practice, Sam was proud to say that most of his clients became friends.

In Louisiana, attorneys are title insurance agents. As a licensed Louisiana title insurance agent for all major title insurance companies, Sam offered clients a wealth of experience by issuing policies to owners, lenders, purchasers, and lessees of Louisiana property. For the years 2017–2018, for example, he issued over $790,000,000 in title policies.

Sam and his team could take any real estate project from conception to reality. He moved his clients’ deals across the finish line, making sure all the knots were untied and all potential problems had been identified and unraveled. He particularly enjoyed the challenge of shepherding and closing highly complex transactions.

Because Louisiana has a unique set of property laws, outside law firms and title insurance companies frequently called upon Sam to guide transactions for out-of-state companies in the state’s real estate market.

Sam served as an instructor on real estate and contract law and taught at more than 40 seminars statewide. Additionally, he taught business law at Louisiana State University and was a certified instructor for the Louisiana Real Estate Licensing Board.

Sam was well regarded by his clients for his “fantastic wealth of real estate law knowledge.”

Any inquiries related to Sam’s work can be directed to J-P Perrault.

Managed sale of four properties by a hospitality company to an investment group of eleven casino and casino hotel sites in six states and leaseback of the properties
Managed documentation of the transaction and performed title work and wrote title policies for two of the properties.
Lead counsel on document compliance with state law on a matter involving the sale of a coal transfer facility that is ship-to-barge and barge-to-ship
Underwrote and issued title insurance.
Served as local counsel to Saban Real Estate in connection with its acquisition of numerous apartment complexes located throughout the U.S.
Marshall Grodner and Mike Rubin served as local Louisiana counsel to Saban Real Estate in connection with its acquisition of numerous apartment complexes located throughout the United States. Four of the properties were located in Baton Rouge. The total acquisition costs for the Baton Rouge properties were close to $100 million. Sam Bacot and RudyMore
Convenience Stores
Coordination of sale and/or purchase of various convenience store sites, including environmental reports and issuance of title insurance.
Hotel, Medical Offices and Retail Shops
Coordination of acquisition, examination of title, issuance of title policies, financing of a multi-use development including hotel, medical offices and retail shops.
Casino, Riverboat and Race Track
Coordination of acquisition, examination of title, issuance of title policies, financing of casinos, riverboats and race tracks.
Prepared and reviewed documentation for general advice and state law compliance in connection with the acquisition of nine apartment complexes
Underwrote title and issued title insurance.
Local counsel for refinance of two existing apartment complexes
Prepared and approved all lending documents; underwrote title and issued title insurance.
Acquisition of an industrial processing facility from a seller in bankruptcy
McGlinchey Stafford represented the client as local counsel in the financing and acquisition of a large industrial processing facility in south Louisiana from a seller that was in the midst of bankruptcy proceedings. Our scope of work included insuring title, issuing mortgage enforceability opinions, and helping to navigate issues that arose from the seller’s bankruptcy.More
High Rise Condominium Development
Coordination of acquisition, financing, examination of title, issuance of title insurance for large tracts of land for development of high-rise condominiums along with coordinating all zoning, governmental approvals, and marketing of same.
Lead counsel in a complex global transaction
McGlinchey Stafford served as lead counsel to a Louisiana Limited-Liability Company and related entities for the purchase of real estate-secured debt. The transaction included the sale of residential real property, as well as the sale of related rights in intellectual property and entitlements, and the formation of entities to bring in an investor for aMore
Local counsel and underwrote title and title insurance for the refinancing of an apartment complex
Acquisition, Leases and Build-to-Suit Leases for nationwide fast food chain
Coordination of closing, including acquisition, financing, examination of title, issuance of title polices, preparation of all closing documents, for a new and rising fast food chain of over 48 sites in Louisiana, Mississippi, Ohio, Texas, Florida, Alabama, Nebraska, Montana, and Georgia. These include acquisitions, leases, and build-to-suit leases.

"Recent Developments in Real Estate and Title Issues," Paul M. Hebert Law Center, Louisiana State University Law School, 2003, 2006

"18th Institute on Real Estate Law," Paul M. Hebert Law Center, Louisiana State University Law School, 2004

"Mastering Real Estate Titles and Title Insurance in Louisiana," Louisiana Real Estate Commission and the National Business Institute, 2001

"Recent Developments in Security Devices and Legislative Acts," Recent Developments in Legislation and Jurisprudence, 2001

"Hot Topics and Cold Comfort: Trends in Real Estate," Louisiana Baton Rouge Association CLE Seminar, Boston, MA, 2001

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