Ray T. Khirallah

Ray T. Khirallah

Senior Counsel |
  • 214.969.1370
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Senior Counsel

  • Thompson & Knight LLP
    One Arts Plaza
    1722 Routh Street, Suite 1500
    Dallas, TX 75201 USA
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Ray Khirallah's practice consists of real estate development, real estate acquisitions, real estate sales, shopping center leasing, office leasing, and real estate finance. He represents landowners, retailers, public companies, investors, operators, developers, and advisors in the acquisition, development, ownership, and dispositions of wholesale, retail, multi-family, hotel, office, and industrial properties.

In addition, Ray represents borrowers, debtors, life insurance companies, banks, and mortgage companies in construction, interim, and permanent financings; workouts; and restructurings.


  • Represent publicly held membership warehouse company in its acquisition and development of wholesale/retail sites in Texas and the Southwest in integrated shopping centers and stand alone sites; including the drafting and negotiation of purchase agreements and ground leases, site development agreements, reciprocal easement agreements, permitting activity with the various municipalities and all aspects of construction activities, and coordination with its architects, engineers and consultants on all aspects of development

  • Represent public company in its office leasing and real estate development activities throughout the United States including the preparation and negotiation of office leases, build to suit leases, development agreements, and related documentation

  • Represent landowners in Dallas and Houston areas in shopping center developments, pad sales and development, and retail leases from landlord's perspective

  • Represent retail tenants in acquisition of pad sites, build-to-suits, and retail leases from tenant's perspective

  • Represent foreign investors in the acquisition of real estate properties throughout the U.S. including shopping centers, office buildings and apartment projects, and assist in the management and disposition of such assets

  • Represent local university in its real estate activities including the sale and development of excess land, the development of use restrictions on excess land to encourage development of the area consistent with university policies; represent the University on various other matters including the formulation of its proposal and bid for the George W. Bush Presidential Library, bond financing for capital expenditures on the local campus and its Rome campus, lease negotiations for its graduate campus operations in office and retail complexes, and advice on inheritances of real estate and other types of assets

  • Represented foreign investor in a portfolio financing of multi-state properties consisting of shopping centers and apartment projects

  • Represented bank in a multimillion-dollar financing of land and mixed-use development in Frisco, Texas

  • Represented bank in multimillion-dollar redevelopment loan in the central business district in Oklahoma City

  • Represent New York chartered state bank on permanent and interim real estate financings in the State of Texas


  • The Best Lawyers in America® by Woodward/White Inc. (Real Estate Law); 2007-2019

  • Texas Super Lawyers® by Thomson Reuters (Real Estate); 2012-2018

  • Best Lawyers in Dallas, D Magazine; 2007-2009

  • Best Business Lawyers in Dallas (Commercial Real Estate), D Magazine; 2009

Activities (Memberships/Affiliations)

  • Member, American Bar Association; Real Estate Section

  • Member, State Bar of Texas; Real Estate Section

  • Member, Dallas Bar Association

  • Fellow, Dallas Bar Foundation

  • Board of Directors, Nexus Recovery Center

  • Member, International Council of Shopping Centers

  • Member, The Real Estate Council