A recent court decision declaring the Corporate Transparency Act unconstitutional only affects companies that were National Small Business Association members on March 1, 2024. Other companies and real estate investors still must report their beneficial ownership information to FinCEN.
Read MoreThe Corporate Transparency Act, which took effect on January 1, 2024, requires many legal entities to report their beneficial owners and other information to FinCEN. In December, New York passed a law requiring LLCs to report similar information to its Department of State. The New York law will make certain beneficial owner information public, introducing privacy concerns not present with the CTA.
Read MoreReal estate ownership can provide short-term tax benefits and is an important part of a long-term plan to build generational wealth.
Read MoreEquity multiple and annualized rate of return can provide a quick and easy way to compare two investments. However, they aren’t a substitute for a detailed financial and risk analysis.
Read MoreIncreasing occupancy, rent growth, and asset preservation should remain central focuses for all owners. Increased occupancy and rent growth will result in increased revenue, which can help maintain asset value in the face of higher market cap rates.
Read MoreFinCEN’s proposed extension of the Corporate Transparency Act reporting deadline would provide needed additional time so new companies likely would not have to immediately update their initial filings. However, the extension would be temporary and would not address other challenges presented by the Act.
Read MoreAlthough REITs and real estate funds both focus on real estate and real estate-related assets, their structures, accessibility, liquidity, return potential, and risk profiles can differ significantly.
Read MoreThe small city of Mount Rainier, Maryland recently adopted a rent control law, which limits annual rent increases to 60% of the CPI. Unlike many rent control laws, Mount Rainier's law also recognizes landlord needs by allowing landlords to request exceptions.
Read MoreIn addition to developing an ESG policy, real estate owners should continuously evaluate the effectiveness of their environmental initiatives and make changes as necessary to increase impact.
Read More2023 will be a time for real estate investors and managers to focus on fundamentals, such as rent growth, increased occupancy, and asset preservation. But investors with available cash may find investment opportunities where sellers facing balloon payments decide to sell.
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