ServicesReal Estate
Planning
Structuring for Economic Changes and Cycles
For more than 40 years, we have committed a significant portion of our professional resources and talents to help our clients succeed and prosper through economic cycles and changes in the real estate industry.
Whether you are a real estate entrepreneur, a sponsor, a developer, an investor, or a real estate private equity fund, we can help you – from choosing the right entity, formulating the operating agreement, partnership division and redemption, to structuring 1031 exchanges with sophisticated tax strategies and wealth transfer planning. With the amount of experience and knowledge our team holds, we are confident of earning your trust and of growing with you for years to come.
Real Estate– Beyond Buying and Selling
Structuring Real Estate Investments including:
- Choice of entity
- Form and structure of operating agreement
- Structuring splits with investors and determining market fees
- Content and preparation of PPM’s
- Tax provisions in the operating agreement
- Planning for foreign investors including withholding issues and use of US Blocker corporations
- Maximizing deferral strategies by waving acquisition, management and disposition fees and converting to contingent profits interest
- Multi-generational wealth transfer planning including structure of the operating agreement to provide protection for future generations and maintain operating control, and creating irrevocable trusts
Additional Services:
- Percentage of completion and completed contract accounting
- Structuring 1031 exchanges including sophisticated strategies to allow some members to cash out in a manner that will be respected by the taxing authorities
- Referral network of tax and transactional lawyers and competent, trustworthy 1031 accommodators
- Reviewing and advising on tenant improvements and capital expenditures to maximize depreciation including first year bonus depreciation and section 179
- Setting repair and maintenance expense policies
- Guidance and planning regarding opportunity zones
- Planning and help regarding charitable donations of real property including use of charitable lead trusts and gifts to donor advised funds
- Planning and help regarding partnership divisions and redemptions
Multi-State tax planning and compliance including use of composite returns and withholding waivers - Planning and help regarding condemnations and replacement properties
- Use of the applicable code sections to take advantage of debt forgiveness income avoidance
- Effective application of the new interest limitations under code section 163(j)
- Maximizing new code section 199A – 20% pass-through deduction
- Preparing Certified audits of real estate entities for lenders and investors including institutional investors
- Advice and recommendations regarding installing adequate internal accounting controls as well as computer security safeguards
- Recruiting bookkeepers, controllers, and CFOs including testing and interviewing candidates
- Designing incentive compensation and profits interests for key employees to make sure the employer and employee’s interests are aligned
- Development of internal monthly and annual reports
- Implementation and selection of vertical market accounting software
- Selecting appropriate format of investor reporting and applicable, important metrics (i.e. cash on cash returns, Internal rate of return, etc.)
- Structuring leases to maximize depreciation write-offs for tenant improvement allowances
