Burt Bruton and James O. Lang Speak at Florida Bar Tax Planning Seminar

MIAMI – Oct. 13, 2017 – Global law firm Greenberg Traurig, P.A. Shareholders Burt Bruton and James O. Lang will speak at the Florida Bar’s Fall Meeting at the Tax Planning for Real Estate Developers and Investors Seminar on Oct. 13 at the Conrad Hotel in Miami, Florida.

Bruton will discuss multiple aspects of Florida documentary stamp taxation, ranging from basic concepts to sophisticated structuring techniques for developers who are acquiring, financing and disposing of real estate projects in Florida. Attendees will learn how to structure Florida real property transactions at the lowest lawful transaction cost. Topics of interest to developers and lenders include the apportionment of mortgage taxes on multi state portfolios of properties; the taxation of short sales and conduit entity transactions; the assumption of existing financing by a property purchaser; and the refinancing of existing mortgages by assignment to a successor lender.

Lang will discuss incentive and tax equity financing for expansion, acquisition and development. Through the use of New Markets Tax Credits (NMTC), financing real estate projects can enhance the project’s economic net benefit by 20 to 25 percent of project costs and broaden opportunities for leverage or increase equity analysis. High community impact projects can utilize NMTC financing to complete financing stacks and move quality projects to a successful closing.

Greenberg Traurig Miami Tax Practice Shareholder, William R. Siegel serves as Co-Chair of the Florida Bar Fall Meeting. The Florida Bar’s Tax Planning for Real Estate Developers and Investors seminar will cover the key tax issues that advisors of real estate developers and investors confront on a regular basis. Speakers will address the latest techniques and most difficult challenges in this substantive area. The seminar will cover a range of domestic and international tax issues in a detailed manner with examples and solutions.

Bruton is a shareholder within the Real Estate Practice of the firm’s Miami office. He represents lenders and borrowers in real estate financing and secured transactions, as well as buyers and sellers of real property. Bruton concentrates his practice in the areas of commercial real estate; public and private project finance; secured transactions; Florida mortgage and transfer taxes; and state and local tax.

Lang is a shareholder in the firm’s Tampa office and focuses his tax and corporate project finance practice on tax credit incentive programs and related state and federal incentive programs. He represents investors, lenders, community development entities, and for-profit and not-for-profit projects in complex transactions where capital stacks require enhancement through incentive financing, including state and federal new markets tax credits; affordable housing and low-income housing tax credits; historic rehabilitation tax credits; renewable energy tax credits; and film and entertainment tax credits. Lang works with investors, lenders, project sponsors, and qualifying businesses to structure these tax credit programs. His work includes assisting real estate developers in utilizing tax credits, particularly New Markets Tax Credits and Historic Rehabilitation Tax Credits, to complete capital stacks and realize benefits to the project between 20 and 40 percent of project costs, along with substantial community impact.

 

About Greenberg Traurig, LLP

Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. GTLaw has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and among the Top 20 on the 2016 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.