Margaret A. (“Peggy”) Rolando is a partner in the Miami office of Shutts & Bowen LLP, where she is a member of the Real Estate Practice Group. A Martindale-Hubbell AV® rated attorney, Peggy is Florida Bar Board Certified in Real Estate Law and in Condominium and Planned Development Law.
Peggy is a member of the Board of Governors of the American College of Real Estate Lawyers (ACREL) and is a past chair of the Real Property, Probate and Trust Law Section of The Florida Bar. She’s also a long time active member of The Florida Bar Committee on Condominiums and Planned Developments. Peggy has been named one of the Best Lawyers in America® in real estate since 2010 and has been recognized by Chambers USA – America’s Leading Lawyers for Business, Florida Super Lawyers, and Florida Trend Magazine’s Florida Elite in real estate. She was also listed among the Top 50 Women Lawyers in Florida and Top 100 Lawyers in Miami.
Peggy has a strong background in the acquisition, development, sale, financing and operation of large scale real estate projects. She has extensive experience in the creation and operation of condominiums, planned developments, mixed use projects, resorts, clubs and hotels, including regulatory matters, development, structuring, restructuring, documentation, termination and management.
She counsels developers in evolving flexible legal structures, preparing governing documentation, and filing documentation with the appropriate governmental agencies for the sale of lots and units, including compliance with the Florida Condominium Act and the Interstate Land Sales Full Disclosure Act (ILSA).
Peggy regularly advises clients on legal and operational aspects of hotel and resort condominiums and timeshare projects. She also offers guidance on operating community associations and making and defending construction defect claims, conducting meetings of members and of directors, and resolving disputes with developers, unit owners, other associations and property owners.
Peggy has particular expertise in termination of condominiums having chaired or participated in the subcommittees responsible for drafting proposed statutory revisions to the termination provisions in the Florida Condominium Act and represented clients in pursuing efficient and effective termination strategies.
Peggy’s experience in condominiums, master planned communities and mixed use developments provides an exceptional background for advising clients on the sale, purchase and operation of distressed real estate, particularly fractured condominiums and land developments. She works with lenders, bulk investors and receivers to craft and implement exit strategies for condominium and non-condominium residential, commercial and mixed use projects.
Professional and Community Involvement
Peggy is a respected speaker at the national level on development, structuring and workouts of condominiums and planned developments. She has also presented at Florida seminars on acquisition and sale issues and condominium, planned community and mixed use topics and has published and co-authored articles on community associations, mixed-use developments, workouts, and other real estate topics.
Outside of her practice, Peggy serves on the Board of Trustees of Spring Hill College in Mobile, Alabama. She was a member of the Board of Trustees of Florida State University and has been a member of the Board of Visitors of Florida State University College of Law since 1994. Peggy is a member of the Board of Trustees of The Ringling Museum in Sarasota and the Board of Advisors of the Georgia Museum of Art in Athens. She also served on the City of Coral Gables Historic Preservation Board.