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Nonprofits and Commercial Real Estate (Live Replay from March 24, 2023)

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Description

Nonprofit and exempt organizations are often attracted to real estate because the asset class is seen as comparatively safe yet offers opportunities for long-term appreciation and, perhaps, ongoing income.

Even if these investment assumptions prove correct, real estate assets – ownership of exiting property, development of new property, or leasing activities – implicate a range of restrictions, complications, and compliance obligations. These include regulatory restrictions depending on whether the real estate investment furthers the entity's charitable purpose or not; collaborations with for-profit joint ventures; and debt financing of investments.

This program provides a real world guide to advising nonprofit and exemption organization clients about real estate activities.

  • Use of 501(c)(3) funds for real estate acquisition and development
  • Restrictions of using nonprofit/exempt organization funds in for-profit real estate transactions
  • Compliance issues for nonprofit/exempt organizations participating in real estate deals
  • Planning for event something goes wrong – how to limit damage to for-profit and nonprofit

Contributors

  • Michael Lehmann

    Michael Lehmann is a partner in the New York office of Dechert, LLP, where he specializes in tax issues related to non-profits and in the tax treatment of cross-border transactions. He advises hospitals and other health care providers, research organizations, low-income housing developers, trade associations, private foundations and arts organizations. He advises clients on obtaining and maintaining tax-exempt status, executive compensation, reorganizations and joint ventures, acquisitions, and unrelated business income planning.

    Mr. Lehmann received his A.B., magna cum laude, from Brown University, his J.D. from Columbia Law School, and his LL.M. from New York University School of Law.

    Click here for more information about Michael.

November 2, 2023
Thu 1:00 PM EDT

Duration 1H 0M

This live web event has ended.

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