Thirty years ago, most of the multi-family, retail, and commercial property was owned by local families. Today, many of those families are still in real estate. Some families have talented members of the next generation who have assumed (or are prepared to assume) responsibility for managing the family’s real estate portfolio. However, for many other families, the interests of the next generation lie elsewhere, and no one has the ability and experience to manage the family’s real estate.

发言人:: Benton Burroughs James E. McNair Jodi E. Schwimmer

活动类型: 继续法律教育(CLE)或继续专业发展(CPD), 研讨会

地点名称:
Reed Smith's Tysons office, 7900 Tysons One Place, Suite 500, McLean VA 22102
开始日期/时间:
10 December 2019, 12:00 PM ET
结束日期/时间:
10 December 2019, 2:00 PM ET

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.