Real Estate

Our real estate practice is as varied as the clients we represent and the buildings they own. The properties range from a 1,000,000 square foot warehouse to a special-purpose structure with 90 foot internal cranes, marinas, parking lots and apartment buildings. Federman, Lally & Remis is closely involved in property acquisition, financing and sale. Because so many considerations of real estate are tax driven, we have particular expertise in related tax topics: tax-free exchanges (forward and reverse), installment sales, depreciation and cost segregation. Since most properties are held in partnership format or in LLCs, we are also expert at partnership taxation issues. These taxation matters include admission of new partners, retirement of partners, special allocations, basis and debt.

Most of our clients, even those not in the real estate business per se, have a significant real estate component. We also have clients in construction and related support fields such as environmental remediation. Factories, storage facilities, retail locations, parking lots and other assets are key elements in our clients’ businesses. You can’t make a widget without a widget factory.