Carl J. Riley, Shareholder, Greenberg Traurig LLP to Speak at KC’s Upcoming Webcast: US REITs for Foreign Investors – Understanding Advantages Under FIRPTA Reforms
New York, NY, February 07, 2014 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Carl J. Riley, Shareholder, Greenberg Traurig LLP will speak at the Knowledge Congress’ webcast entitled: “US REITs for Foreign Investors: Understanding Advantages under FIRPTA Proposed Reforms.” This event is scheduled for Monday, March 17, 2014 12:00 pm – 2:00 pm (ET).
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About Carl J. Riley
Carl J. Riley is a Shareholder in Greenberg Traurig's New York Office. Carl focuses his practice on complex tax matters, specializing in real estate-related matters, including initial public offerings, formations and other securities issuances, with particular emphasis on transactions involving REITs. He is experienced with tax rulings and treaties, administrative practice before taxing authorities, and the Foreign Investment in Real Property Tax Act (FIRPTA). In addition, Carl advises clients regarding mergers and acquisitions, securities offerings, and transactions involving regulated investment companies (RICs), partnerships, pension funds and other tax exempt entities, and sovereign wealth funds. He is also experienced in the formation, diligencing, structuring and implementation of various investments and acquisitions involving private equity funds. He received his J.D. and LL.M. from the New York University School of Law.
About Greenberg Traurig LLP
Greenberg Traurig, LLP (GT) is an international, multi-practice law firm with approximately 1750 attorneys serving clients from 36 offices in the United States, Latin America, Europe, the Middle East and Asia. GT is among the Top 10 law firms on The National Law Journal's 2013 NLJ 350, an annual ranking of the largest firms in the U.S.
GT provides integrated legal services for clients worldwide. It offers a multidisciplinary team, including senior lawyers who have been the chief legal officers at major multinational companies and have spent years solving real-world problems in the business, political and legal environments of major commercial centers. GT’s experience in more than 100 practice areas and network of contacts throughout the world position the firm to help clients achieve their objectives both domestically and in the global marketplace.
Real estate investment trusts (REITs) have long been considered to be tax-efficient vehicles for foreign investments in U.S. real estate. Recently, the Obama administration and members of Congress have issued various legislative proposals that encourage private infrastructure investment. These proposals are intended to attract foreign capital to the U.S. real estate market by reducing existing tax barriers to investment, primarily under the Foreign Investment in Real Property Tax Act of 1980 (commonly known as FIRPTA).
Many (but not all) of these reforms could enhance the value of REITs as vehicles for foreign investment in the United States. However, since REITs are subject to complex rules related to income, assets, share ownership, and distribution of income, they can represent challenges to adopters and investors.
In this 2-hour live webcast, our panel of key thought leaders and practitioners will offer insight with respect to the latest and significant issues surrounding foreign investment in U.S. real estate through REITs.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/