Real Estate Tax

Matters

Provided tax advice to one of the largest privately held real estate firms in connection with a $300 million recapitalization of its student housing business.
Represented developer in connection with $200 million multi-use development in an opportunity zone in Salt Lake City, Utah. Provided advice on general tax matters and opportunity zone-compliant structure.
Representing a private equity sponsor in connection with a $500 million opportunity zone development in Nevada, ultimately encompassing 2000 acres and including manufacturing and warehouse facilities. The first project is an 800,000-square-foot industrial facility. Provided tax and opportunity zone advice as part of our general representation of the sponsor.
Providing advice on opportunity zone structuring in connection with a $700 mixed-use development in Phoenix, Arizona.
Polsinelli provided a client Tax and Opportunity Zone structuring advice and an Opportunity Zone Opinion for a $63 million Class A mixed-use property. The property is located in Salt Lake City, Utah and consists of 170 residential units and 10,100 square feet of retail space within an eight-story type III over type I structure. The mixed-use development will be spurring on valuable community development.
Implementation of DST Program – Assisted Mid-West Based Real Estate Company in the raise of like-kind exchange capital through the use of a Delaware Statutory Trust Structure. Provided tax planning for the implementation of a capital raise of $50 million for a multifamily real estate fund which allows investors to use like-kind exchange proceeds on a pre-tax basis to satisfy a portion of their capital commitments.
Provided tax and structural advice to a real estate fund seeking to raise $50 million in equity to purchase multifamily properties in establishing a structure through which investors could use proceeds from a prior like-kind exchange under Section 1031 of the Code to acquire an investment interest in the fund.
Provided tax and Opportunity Zone (OZ) advice to assist a client with a $3 million OZ investment for a 25% interest in a marketing company operating in qualified opportunity zone census tracts.
Provided New Markets Tax Credit (NMTC) counsel to our client, a nonprofit and the nation’s largest organization dedicated to inspiring and preparing the youth to succeed in a global economy through enriching learning experiences that promote greater economic opportunity and equity. Our attorneys advised our client on a $6 million NMTC allocation, ensuring total compliance in the large transaction.
Counseled a client to maximize its participation in the Opportunity Zone (OZ) program in an approximate $1 million transaction. By providing valuable tax and opportunity zone advice, our client was able to move forward with plans for a new building that will operate as an affiliates’ headquarters.
Advised a client related to Opportunity Zone (OZ) benefits and Qualified Opportunity Fund (QOF) formation. The counsel enabled our client to use OZ and QOF as an investment vehicle into a cross-platform AdTech company that makes advertising perform better by using signals in the physical world to trigger real-time actions across search, social and shopping platforms.
Provided client Tax and Opportunity Zone structuring advice and an Opportunity Zone Opinion for a $32 million retail and office space redevelopment transaction in Detroit, Michigan.
Advised a client, who brings together funding, technology and strategic partners, to invest in innovative and high-impact projects across the United States regarding Tax and Opportunity Zone structuring advice and an Opportunity Zone Opinion. Polsinelli provided our client guidance on a $96 million retail and office space redevelopment transaction in Salt Lake City, Utah.
Advised a private real estate investment company specializing in the ground-up development and acquisition of multifamily, office and retail properties in gateway markets across the United States on specifics related to Tax and Opportunity Zone structuring advice for a $31 million project mixed-use project in Phoenix, Arizona.
Advised a private real estate investment company specializing in the ground-up development and acquisition of multifamily, office and retail properties in gateway markets across the United States regarding Tax and Opportunity Zone structuring for a $300 million project with $123 million Opportunity Zone equity that will have 250,000 square feet of office space, 736 apartments, and 5,000 square feet of retail in Scottsdale, Arizona.
Provided Tax and Opportunity Zone structuring advice for a $49 million project with 295-unit apartment building and 14 for-rent townhomes in Charlotte, North Carolina.
Provided Tax and Opportunity Zone structuring advice for a $42 million 215-unit residential project in Colorado Springs, Colorado.
Represented an innovative global real estate investment management company in connection with the recapitalization of the company and an investment of approximately $300 million immediately and ultimately up to $1.6 billion by an affiliate.