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Financial Institutions & Real Estate

Lathrop GPM structures and analyzes the tax issues involved with:

  • Like-kind real estate exchanges
  • Structuring limited liability companies and other entities to own real estate
  • Loan modifications
  • Below-market interest rate loans/interest imputation issues
  • Low-income housing tax credits
  • Rehabilitation tax credits
  • Cancellation of indebtedness
  • Regulated investment companies, real estate mortgage investment conduits, and real estate investment trusts and financial institutions taken over by regulators

Representative Experience

  • Representing clients in simultaneous and deferred tax-free, like-kind exchanges.
  • Representing clients in “reverse” tax-free, like-kind exchanges.
  • Advising clients regarding election of real estate investment trust status.
  • Advising developers regarding low-income housing tax credit requirements and structuring transactions to permit investors to utilize such tax credits.
  • Advising developers and investors regarding rehabilitation tax credit requirements and statutory transactions to qualify for the tax credits and structuring transactions to permit investors to utilize such tax credits.
  • Representing clients in real estate tax appeals. A recent decision resulted in a refund of 2/3 of a client’s real estate taxes (plus interest) for several prior years, and established a valuation methodology that will save the company millions of dollars going forward.

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