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Richard A. Morehouse
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216.736.7292
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Richard A. Morehouse

Partner
216.736.7292
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OVERVIEW & EXPERIENCE

Richard Morehouse is an attorney in KJK’s Real Estate practice group with a background that includes over two decades of experience working in commercial real estate. Rich brings a unique perspective that combines years of data fueled real estate market research and analysis, valuation experience, multi-state property tax and incentives experience and skilled legal knowledge that allows him to achieve favorable results for clients. Rich is valued for his distinctive blend of legal and quantitative skills that give him an understanding not only of what is legally permissible, but also physically and financially feasible while maximizing productivity for real estate development opportunities. Rich leverages his ability to analyze leases, transactions, physical real property and market data from a valuation perspective with his legal prowess to deliver excellent results for clients.

Rich is experienced with a wide array of asset types and has worked with a variety of professionals including contractors, architects, engineers, appraisers and economists on construction, design, valuation, compliance and zoning for historic preservation and other incentive programs. Rich has had experience with many state and local development and brownfield remediation incentive programs in Ohio. He is also experienced as counsel on community development, small business, contract, copyright and trademark, non-profit and other matters.

Rich holds a Bachelor of Science in Business Administration/Finance from the University of Akron, where he graduated magna cum laude, and earned his Juris Doctorate from University of Akron School of Law.

A real estate developer himself, Rich is passionate about helping developers understand and unlock the opportunities that so many historic buildings hold for communities throughout Ohio.

Representative Experience
  • Drafted and negotiated various proposals and agreements for the development of the City of Cleveland’s Division of Police headquarters.
  • Assisted developer with construction oversight and incentives for the conversion of a historic 160,000 square foot industrial facility to office use in Cleveland.
  • Developed and led team in creating real estate vision for multiblock area in the Cleveland CBD.
  • Participated in the completion of over 60 multi-million-dollar historic tax credit fueled property transactions.
  • Managed property tax compliance, incentives, forecasting and research for NYSE traded real estate company with a $10 billion commercial real estate portfolio consisting of 30,000,000 square feet of retail or office space and 30,000 apartments units.
  • As lead attorney, reduced the annual tax liability of a $65M office and hotel complex by $500K.
AWARDS & PROFESSIONAL AFFILIATIONS

Awards

  • JD Supra Readers’ Choice Awards, Top Author, Real Estate, 2023
  • CALI Award for Mergers & Acquisitions

Professional Affiliations

  • Ohio State Bar Association
  • Akron Bar Association
  • Cleveland Metropolitan Bar Association
  • Urban Land Institute, Associate Member
BAR / COURT ADMISSIONS
  • Ohio
CIVIC INVOLVEMENT
  • Progress Through Preservation of Greater Akron, 2017 – Present
    • Board Member
    • Past Finance Committee Chair
  • Akron Municipal Court
    • Online Dispute Resolution Mediator, 2021
  • West Akron Baseball League, 2015 – 2020
    • Board Member
  • Business Volunteers United, 2013 – 2015
    • Pro Bono Consultant
MEDIA MENTIONS
PRESENTATIONS & PUBLICATIONS

Publications

  • “Investment Value v. Market Value,” Institute for Professionals in Taxation (IPT) Property Tax Symposium, 2010

Presentations

  • “Real Property Tax Appeals & Valuation,” Manufacturer’s Education Council – Ohio Tax Conference, Jan. 2014
  • “The REIT Effect – Inflating Market Values,” Institute for Professionals in Taxation, Oct. 2013
  • “Investment Value v. Market Value,” Institute for Professionals in Taxation, Oct. 2010

PRACTICE AREAS

EDUCATION

  • University of Akron School of Law, J.D., 2010
  • University of Akron, B.S., Business Administration/Finance, 2000, magna cum laude

RECENT KJK INSIGHTS

Federal Brownfields Incentives Program’s Triumphant Return

Federal Brownfields Incentives Program’s Triumphant Return

On November 16, 2023, Congressman Mike Turner (R-OH-10) and Mikie Sherill (D-NJ-11) reintroduced the bipartisan Brownfields Redevelopment Tax Incentive Reauthorization Act (H.R. 6438) (BRTIRA). BRTIRA is designed to provide greater incentives for brownfield...

Cuyahoga County Launches Sexennial Property Reappraisal

Cuyahoga County Launches Sexennial Property Reappraisal

Starting this month, Cuyahoga County (the County) begins the daunting task of reappraising every property in the County for the sexennial reappraisal due to be completed in 2024. As required by state law, every county in Ohio is required to periodically update or...

Are There Opportunities in the Current Office Building Turmoil?

Are There Opportunities in the Current Office Building Turmoil?

In recent times, the U.S. office sector has experienced an unprecedented shift in supply and demand dynamics. Recent Cushman & Wakefield reports suggest that by the end of the decade, there could be an excess of 330 million square feet of vacant office space due...

“I went into law to help make a difference in the real estate community for the benefit of Northeast Ohio. As I travelled across the state and across the country, I was struck by the disparity in real estate impacted economic activity between Ohio markets and several non-Ohio markets. I thought that we could do better in Ohio – we just had to figure out the way to do it.”

Richard A. Morehouse
Partner