Real Estate Exit Strategies Seminar

In an ongoing effort to ensure that clients and friends of the firm are well-informed, we recently co-hosted a seminar targeting those in the real estate industry. Heritage Bank of Commerce was the other co-sponsor of the event, which was held at the Silicon Valley Capital Club in downtown San Jose.

The seminar was titled Real Estate Exit Strategies.  Following pre-presentation appetizers and drinks, David Doolin, PP&Co partner and co-chair of the firm’s Real Estate Practice Group, officially opened the evening and introduced our speaker, Roger Laty.  Roger is a CPA and Vice President of Tax at UDR, a leading multifamily real estate investment trust. Roger spoke to real estate owners and professionals about the tax advantages of selling real estate to a public Real Estate Investment Trust (REIT).  He began with an overview of how REITs are formed and operated, transitioning to the mechanics of the sale of real property to a REIT.  He covered best practices and common pitfalls when selling to a REIT and compared the benefits and disadvantages – tax and otherwise – of selling to a REIT as opposed to other exit strategies, such as 1031 exchanges.

Following the presentation, guests were again treated to great food and wine from one of Silicon Valley’s premiere venues. This provided an opportunity for attendees to network and ask Roger specific questions.

If YOU have questions about REITs, or other real estate related issues, please contact David Doolin at (408) 287-7911, or via email at ddoolin@ppandco.com for assistance. For information regarding upcoming PP&Co events, contact Saralyn Winslow, Marketing Coordinator, at swinslow@ppandco.com.