Tax

Our team provides advice to clients on federal, state, and local tax issues that arise in connection with the acquisition, construction, ownership, financing, and disposition of real estate.

We are frequently called upon to address industry groups and lead seminars on tax topics such as federal tax credits, like-kind exchanges, unrelated business income tax, workouts, timeshares, and real estate assessments.

Acquisitions and Dispositions

Our advice often begins with evaluation of structures for tax-efficient acquisition and ownership of real estate, applying knowledge of U.S. taxation of domestic and foreign owners and investors in real estate, partnership taxation, taxation of REITs, taxable income issues, state and local income taxes, sales tax, and realty transfer taxes. We also advise clients on contributions of façade and conservation easements.

We have extensive experience assisting clients in the tax-efficient disposition of real estate. Our work includes all aspects of simple and complex like-kind exchanges, installment sales, and structures to minimize state and local taxes.

Tax Credits

We advise clients on federal, state, and local tax credits, including low-income housing credits, historic tax credits, and new markets tax credits.

Affordable Housing

We work closely with our Housing Group assisting clients in creating tax-efficient vehicles for investment in and financing of affordable housing.

Ad Valorem Taxes

We are active in contesting real estate valuations for real estate tax purposes. Our team handles real estate tax exemption applications and appeals, as well as proceedings involving payments in lieu of tax by charitable organizations.

We have successfully represented clients in real property tax appeals for: