Real estate investments can be extremely profitable and are one of the few remaining tax advantaged investments.

Our real estate and tax transaction experts have been on the forefront of real estate transactional issues for decades. Real estate developers, commercial and residential developers, contractors, brokers, and property owners and managers have benefited from our experience.

Keiter Stephens gains an understanding of your goals to assist you in all stages of the real estate life cycle. We identify the appropriate entity to hold property, evaluate tax-advantaged related party transactions, develop opportunities to defer taxation through like-kind exchanges and accelerated depreciation, maximize opportunities for capital gain treatment, and recover capitalized costs as rapidly as possible through proper upfront planning.

Maximizing opportunities for growth while minimizing risks associated with the issues you face is of great importance to your business. Keiter Stephens has assisted many real estate businesses in the following areas:

Partnerships

Allocation of losses to limited partners should be reviewed to optimize the partners' tax and economic benefits. Proper planning can generally "save" the losses for the limited partners, if desired, or provide the tax benefits for the general partners.

It is necessary to work with legal counsel for review of your organizational structure to maximize shareholder/partner objectives. The use of S-Corporations as general partners, the use of joint tenancies, and Limited Liability Companies should be considered.

Risk Assessments

As business and tax advisors, we assist real estate clients in assessing the risks of various debt and equity structures. This includes negotiating and analyzing the tax and business implications of many types of transactions, including modification of debt terms, debt cancellation, issuance of guarantees, and deed-in-lieu transfers.

VHDA/HUD/FHA Reporting

Governmental reporting requirements are rapidly changing. Our staff has the knowledge and insight necessary to stay current with the changes in audit and reporting requirements, including cost certifications.

Low-Income Housing Tax Credits

Keiter Stephens has extensive experience in structuring projects that are developed to provide rental housing for persons with low incomes. This includes providing an overview of how such projects are financed, realizing the profit potential for the developer, and obtaining a credit allocation from the State of Virginia.

Contact a real estate team member for more information on how we can assist you.