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These telephone seminars are presented by national speakers who are experts in their areas of practice often ABA Section chairs, authors of books in their areas of practice, and heads of practice groups.
Sale/leasebacks of property are sophisticated real estate transactions where both seller/tenant and investor/landlord can obtain substantial financial, tax and operating benefits. The property owner builds or buys a property it intends to use for its own purposes, sells it to an investor, and then immediately leases it back from the investor for a term of years. Properly structured, the seller/tenant can harvest equity from a building while still using it or finance construction on favorable terms and obtain tax benefits. The investor/landlord can also obtain substantial financial and tax benefits. However, if the transactions are not properly structured, there is a substantial risk of adverse financial and tax consequences, nullifying all economic benefits. This program will provide you with a practical guide to understanding the economics of sale/leaseback transactions, properly structuring these deals, and drafting trips to avoid traps.
- Structuring sale/leaseback transactions in real estate and business
- Reasons for doing a sale/leaseback transaction - tax benefits, liquidity needs, exit strategy for property owner, finance of purchase or construction
- Types of leasebacks - standard/full, partial, short-term, seller-to-vacate
- Practical drafting guidance to avoid common and costly mistakes
- Characterization of transaction as a financing - and financial/tax consequences
- Unwinding sale/leaseback transactions
Richard R. Goldberg, Ballard Spahr, LLP - Philadelphia
Once registered you will receive from the MSBA an email containing the toll-free telephone number to call on the day of the seminar. You will also receive a pdf containing the materials for the program to print. This email will be sent to you the day before the program date.