Event Type: CLE / CPD, Seminar
- Location Name:
- Reed Smith's Tysons office, 7900 Tysons One Place, Suite 500, McLean VA 22102
- Start Date/Time:
- 10 December 2019, 12:00 PM ET
- End Date/Time:
- 10 December 2019, 2:00 PM ET
- Event Materials:
- Private Multi-Family REITs and Master Partnership Program
Many of these families have considered establishing private REITs, or contributing properties to UPREITs established by public REITs, whereby the REITs would assume the management of their properties and provide their families liquidity. Private single-family private REITs rarely make sense. Contributions to UPREITs typically benefit from a 10-year tax protection period, followed by a massive gain recognition, and entail a complete loss of control.
We invite you to attend a program we are hosting on December 10, 2019, to analyze the financial, management, and tax implications of forming multi-family REITs, or more likely multi-family Master Partnerships. These arrangements would be attractive to (i) families who desire to retain their real estate portfolios, but lack the next generation of managers, and (ii) families with talented and experienced managers who seek to expand their real estate portfolios and property under management.