Daniel Ng

Dechert LLP

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IRS Private Letter Ruling Concludes REMIC Can Hold C-PACE Assessments

Dechert LLP recently obtained an IRS private letter ruling (“PLR”) on behalf of an asset manager concluding that certain C-PACE assessments are “obligations . . . secured by an interest in real property” for purposes of the...more

6/13/2024  /  Commercial Property Owners , Commercial Real Estate Market , Foreclosure , Internal Revenue Code (IRC) , IRS , Property Tax , REIT , REMIC , Renewable Energy
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