Structuring REIT Roll-Ups, Conversions and Spin-Offs to Maximize Asset Value

Navigating Complex Tax Requirements, Securities Regulations and More

Recording of a 90-minute CLE webinar with Q&A


Conducted on Thursday, August 28, 2014

Recorded event now available

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Program Materials

This CLE webinar will provide perspectives and guidance to real estate, finance and tax counsel on current trends in real estate investment trust (REIT) rolls-up, mergers and IPOs as well as business conversions to a REIT structure. The program will guide counsel on structuring and implementing a REIT conversion or roll-up and the tax and securities issues associated with these transactions.

Description

A growing trend for companies with substantial property holdings is to convert part of their business to a REIT. Obtaining a private letter ruling from the IRS to obtain the approval to realign their businesses under a REIT is one of the first steps. REIT conversions are a long, complex process with significant tax and operational considerations.

A REIT roll-up combines existing operating entities or properties into a single unit under a new company through merger or IPO. Smaller portfolios and non-traded entities are rolled up into larger REIT entities. Tax planning strategies drive many of these transactions.

REIT roll-ups have been used by large private equity companies and other REITs to buy property or to unload existing assets. These transactions are also attractive to investors in the triple-net/single-tenant lease, healthcare real estate, and other specialized property assets.    

Listen as our authoritative panel of real estate finance and tax practitioners analyzes recent trends in REIT conversions and rolls-up, and discusses how to structure and implement a REIT conversion or roll-up, and complex tax and securities issues associated with these transactions.

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Outline

  1. Structuring and implementing a REIT conversion
  2. Structuring and implementing a roll-up, spin-off or IPO
  3. IRS private letter rulings and regulatory compliance
  4. Securities law compliance

Benefits

The panel will review these and other key questions:

  • What are the benefits to contributors arising from a REIT roll-up?
  • What is the typical structure used in a REIT roll-up and what are the primary transaction documents?
  • What market conditions are driving companies to consider REIT conversions?
  • What are the tax consequences in a REIT conversion?

Faculty

Aaron C. Hendricson
Aaron C. Hendricson

Alston & Bird

Mr. Hendricson’s practice focuses primarily on securities offerings and regulation, public and private mergers...  |  Read More

Michelle M. Jewett
Michelle M. Jewett

Morrison Foerster

Ms. Jewett has substantial experience in a broad range of tax matters, including corporate, mergers and acquisitions,...  |  Read More

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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