LOS ANGELES – April 16, 2021 – Sanford (Sandy) C. Presant, a shareholder and co-chair of the Global Real Estate Funds Practice of global law firm Greenberg Traurig, LLP, moderated the Bisnow Digital Summit session titled “Successful Opportunity Zones in California” on April 15. Greenberg Traurig sponsored the summit.
The panel discussed case studies of opportunity zones advancing the community. It also explored the potential benefits of qualified opportunity zone investment for communities in California and how local and small businesses can benefit when located in these qualified opportunity zones.
Presant focuses his practice on providing fund and joint venture best-practice business and tax structuring advice to sponsors of the leading real estate private equity funds, qualified opportunity zone (QOZ) funds, REITs, and their local partners and investors in the United States and internationally.
Presant has more than 30 years of experience as a tax and business lawyer for major funds and real estate companies. He has structured and negotiated the tax and business aspects for leading industry QOZ funds, over 100 real estate funds (including their internal general partner structuring and executive compensation) in the U.S., Europe, Latin America, and Asia; and more than 500 joint ventures (partnerships and LLCs), including QOZ subsidiary JVs (QOZBs), as both a corporate and tax attorney.
Eight of the firm’s attorneys from the Real Estate and Tax practices, who work around the U.S. with opportunity zones and related real estate funds, participated in the conference. Besides Presant, the other participating attorneys were: Michael J. Baum, Gregory A. Fishman, Randall C. Single, Matthew L. Friedrich, Michael H. Davis, James O. Lang, and Elliott K. Califf.
About Greenberg Traurig's Real Estate Practice: The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of more than 400 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, Latin America, and Asia. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com