Real Estate Tax Lawyer

Diversified investment firm with a large real estate platform. Looking to add a Tax Lawyer on their Advisory team at the Director level in their NYC office.

POSITION RESPONSIBILITIES:

The role of Director is involved in the planning, research, and execution of numerous real estate transactions. The successful candidate will possess significant transactional experience and a strong knowledge of real estate partnership taxation, REIT taxation, and FIRPTA.

Key responsibilities include:

• Identify and resolve various tax issues related to the acquisition, ownership or disposition of a real estate investment.
• Coordinate entity due diligence and third-party REIT due diligence reports, where necessary, on property or portfolio acquisitions.
• With respect to each acquisition, review any purchase and sale agreements and all other related transaction documents.
• Review partnership agreements with specific attention to tax allocation provisions and other related tax provisions.
• Quantify and communicate the tax risks associated with business transactions to senior management in order to facilitate their decision-making process.
• Identify and analyze tax deferral strategies where appropriate and determine their feasibility to implement.
• Work with advisors to structure various U.S. and international real estate funds and joint ventures to facilitate the inflow of capital by diverse groups of U.S. and non-U.S. investors
• Coordinate and review tax advice and/or opinions from external accounting and law firms, including negotiating firm representations.
• Strong knowledge of FIRPTA and U.S. foreign withholding tax provisions.
• Coordinate REIT quarterly and annual testing.
• Liaise with internal teams and external advisors to assure the proper tax accounting treatment of business transactions.
• Review newly enacted tax legislation applicable to the real estate industry, particularly in the areas of partnerships, REITs, inbound and outbound investments.

Requirements -

• 4-8 years tax lawyer within real estate/REIT experience.
• Someone who specializes in structuring & planning for complex REITs
• JD, LLM