Krystyna M. Blakeslee

WASHINGTON, DC–Last month on the day that Speaker of the House Paul Ryan announced he wouldn’t run for re-election and Facebook CEO Mark Zuckerberg was testifying before Congress, a group of representatives from the CRE industry was on the Hill for an entirely different reason: to discuss the fate of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155), which passed in the Senate in March  and which, among other things, reforms HVCRE. Dechert’s finance and real estate partner Krystyna M. Blakeslee, who is also co-chair of the Commercial Real Estate Finance Counsel High Volatility Commercial Real Estate (CREFC-HVCRE) Working Group, was among the industry reps that met with members of the House Financial Services Committee, Senate Banking Committee staff and regulators from the FDIC, OCC and the Fed to discuss HVCRE and High Volatility Acquisition, Development and Construction (HVADC).