This program will discuss planning and implementing advanced like-kind exchanges of commercial real estate. The program will discuss the use of trusts, LLCs, and Family Limited Partnerships as exchange platforms, deferred and simultaneous exchanges, and the risks of each, and the risks of using qualified intermediaries. The program will also cover the exchange of highly indebted property, substantial restrictions on transactions among related parties, and alternatives to using like-kind exchanges. This program will provide you a guide to the types, platforms, benefits and risks of advanced like-kind exchanges of commercial real estate.
· Reverse exchanges, parking transactions, build-to-suit exchanges
· “Related party” transaction rules and planning to avoid their adverse impact
· Exchanges of highly indebted property
· Alternatives to like-kind exchanges – mixing bowl transactions, leveraged acquisitions and freeze partnerships
· Understanding when alternatives to like-kind exchanges are the better choice
Glenn M. Johnson, Ernst & Young, LLP – Washington, D.C.