A real estate investment trust, or REIT, can be a riddle for real estate fund sponsors seeking to scale beyond the “friends and family” investment stage. Some sponsors see the REIT as the “next stage” of the fund’s growth style – almost like a rite of passage to becoming a large-cap fund. Sometimes the sponsor is right, and a REIT really is the best fit for the sponsor’s needs. Many times, however, what the sponsor actually wants is not a
Continue Reading Real Estate Investment Funds: To REIT or Not to REIT?
Richard E. Aderman
Rick focuses his attention on analyzing the tax consequences of complex business transactions, including corporate mergers and acquisitions, partnership transactions, trusts, and public and private debt and equity offerings. Rick has special expertise in the tax aspects of LLCs, partnerships, REITs, private investment funds, employee benefits, and executive compensation. He also advises clients regarding tax and non-tax business structuring issues arising in the course of operations and in connection with transactions.
Rick has structured complex business and commercial transactions, with respect to both tax and corporate issues, including acquisitions, dispositions, joint ventures, private equity investments, real estate syndications, gaming-industry transactions, and other private and public offerings. He also has designed complex executive compensation award arrangements and succession plans.
Rick received his B.A. from Wesleyan University and was a member of Phi Beta Kappa. He earned his J.D., with high honors, from the University of Chicago Law School where he was a member of the University of Chicago Law Review and Order of the Coif. He also has been recognized in The Best Lawyers in America for Tax Law since 2018.