Real Estate Law News and Insights

DC Sources New Revenue From Assignments Of Long-Term Leases

Published: Jun 28, 2024
|
On May 17, 2024, the District of Columbia Office of Tax and Revenue (OTR) published a notice summarizing the District of Columbia's current policy regarding the recordation and transfer tax treatment of an assignment of a lease, including a ground lease, with a term of at least 30 years (including...

Read More

Colorado Creates New Middle-Income Housing Tax Credit

Published: Jun 20, 2024
|
Colorado continues to expand on recent legislative efforts to address the state's housing shortage. On May 30, 2024, Governor Jared Polis signed House Bill 1316 to establish a new Middle-Income Housing Tax Credit (the "Middle-Income Credit") with the goal of encouraging private sector investment in affordable housing. This new credit will be...

Read More

Important Considerations For Multifamily Owners When Reviewing Certain Project Documents Following A Casualty Event

Published: Jun 07, 2024
|
Tornado season is again upon us, bringing with it the threat of catastrophic property damage, upended lives, and interrupted businesses—as many multifamily developers and investors know all too well. In a prior post, our team outlined a few helpful tips for handling the insurance and claims process following a casualty event....

Read More