The commercial real estate industry is facing an impending tsunami of $2 trillion in debt maturities, with an estimated $929 billion coming due this year. If you will be caught in this net because the loan secured by your CRE...more
These are rocky times for many office landlords. Office valuations continue to decline, interest rates remain high and office vacancy rates are nowhere near their pre-pandemic levels. ...more
CRE Secured Debt Purchase Transactions present unique risks that should be understood and carefully managed.
Current market conditions may present unprecedented opportunities to purchase debt secured by distressed...more
Starting January 1, 2024, certain U.S. and foreign entities (Reporting Companies) must report detailed information about the individuals that beneficially own or substantially control them (Beneficial Owners) to the U.S....more
9/6/2023
/ Beneficial Owner ,
Compliance ,
Corporate Transparency Act ,
FinCEN ,
Foreign Entities ,
IRS ,
Person with Significant Control (PSC Register) ,
Publicly-Traded Companies ,
Real Estate Companies ,
Reporting Requirements ,
Statutory Deadlines
Starting January 1, 2024, certain U.S. and foreign entities must identify and report to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) detailed information about the individuals that beneficially...more
The tragic and widespread effects of COVID-19 continue to unfold on a daily basis. The pandemic’s impact from both a public health and economic perspective has been literally unfathomable. For commercial real estate owners,...more
7/21/2020
/ CMBS ,
Commercial Bankruptcy ,
Commercial Property Owners ,
Commercial Real Estate Market ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Income Taxes ,
Lenders ,
Loan Guaranties ,
Loan Modifications ,
Mechanics Lien ,
Paycheck Protection Program (PPP)
On Friday, April 24, 2020, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act (the “Act”), which amends the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”)....more
As previously described in this March 30, 2020 client alert, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”) amends Section 7(a) of the Small Business Act to include a new guaranteed, unsecured...more
If you’re a US investor interested in emerging markets, you will soon have access to much more capital thanks to the Better Utilization of Investments Leading to Development (BUILD) Act....more
On October 19, 2018, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) released the highly anticipated regulatory guidance (Guidance) concerning the Opportunity Zone tax incentives (OZ Incentives)...more
11/6/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
IRS ,
Opportunity Zones ,
Partnerships ,
Proposed Regulation ,
Real Estate Development ,
Self-Certification ,
Tax Cuts and Jobs Act ,
U.S. Treasury
On October 19, 2018, the U.S. Treasury Department (“Treasury”) and the Internal Revenue Service issued proposed regulations for the new Opportunity Zone tax incentive. Opportunity Zones are a powerful new economic development...more
11/5/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
FIFO ,
IRS ,
Opportunity Zones ,
Partnerships ,
Proposed Regulation ,
State and Local Government ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
U.S. Treasury
Opportunity Zones are a compelling and powerful new tool for investors, asset owners, asset managers and communities that can mobilize capital for economic development in underserved communities, yielding good job creation,...more
There is growing interest in the business community, and particularly among institutional investors, in Environmental, Social, and Governance factors (ESG) and best practices for integrating ESG into an enterprise’s core...more
[co-author: Mark Newberg, Director of Impact Strategies]
Recently, Larry Fink, the CEO of BlackRock, the world’s largest asset manager, took a noteworthy step in an open letter he wrote to the CEO’s of all publicly traded...more