An Introduction to Real Estate Investment Trusts

(1192 Ratings)

Produced on: June 09, 2015

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 90 minutes
Difficulty Beginner

In this program, attorney David Heymann of Meltzer Lippe explores the origins of real estate investment trusts and their growth in use in real estate investing.  He provides participants with a basic understanding of the rights and restrictions imposed on REITs including the various governance, ownership, income and asset tests to which they are subject.  

 

David also discusses ownership structures commonly used by public and private REITs and the advantages and disadvantages of investing through an REIT. Topics addressed include:

  • What is an REIT?
  • Why were REITs created?
  • How do you Qualify as REIT?
  • The types of REITs
  • How do you form a REIT? 
  • Ownership limitations
  • Asset limitations
  • What is a UPREIT?
  • What is a taxable REIT subsidiary
  • Tax considerations

 

Learning Objectives: 

I.     Obtain a basic understanding of REIT formation and governance

II.    Gain knowledge of the restrictions on REITs as to ownership, investments and dispositions

III.   Understand general structuring issues of REITs 

Faculty

David Heymann is an experienced corporate lawyer who has represented real estate companies for over 20 years. He served in the capacity as general counsel to multiple real estate investment trusts.  During his years of experience David has assisted his REIT clients in all legal areas effecting REITs.

 

He earned his undergraduate degree from SUNY Binghamton and his law degree from Hofstra Law School where he was a member of the Law Review.  After graduation, David worked at the New York City law firm of Rosenman & Colin (now Katten Muchin Rosenman).  He then formed his own firm, Post Heymann & Koffler LLP, which specialized in the representation of real estate companies.  In 2015 David and his partners joined the Long Island Business Law Firm of Meltzer, Lippe, Goldstein & Breitstone, LLP, where he is a partner in the Firm’s corporate department.

Reviews

LF
lance f.

complicated topic. good speaker.

MM
Michelle M.

EXCELLENT

JF
J Gregory F.

interesting

KK
Kyle K.

good

AL
Andrew L.

good primer on reits

PP
Patrick P.

thanks.

SB
Steven B.

Good course.

GG
Ginnifer G.

Very informative!

EF
Edward F.

Mr. Heymann did a good job in addressing this highly technical subject.

DJ
David J.

This was a very informative course. It had a lot of great content and covered the material very well. I would recommend

MA
michael a.

Very thorough.

DS
Donald S.

Speaker clearly knows his subject. I am a tax guy, but you have to either be heavily into advising/representing REITs or be a CPA and an LLM in tax to find this enjoyable.

MS
Manish C. S.

You should have more courses on REITS

DB
Deanna B.

Excellent speaker--he was a perfect choice for giving this talk on complicated topics relating to REITs.

KC
Kevin C.

great seminar I am familiar with David and his firm and would welcome other presentations on his part.

EF
Edwin F.

Superb

JC
James C.

good

AP
Andrew P.

Good breakdown of complicated topic

KD
Kenneth D.

The speaker was very knowledgeable.

JB
Jonathan B.

Great information and details

DH
Dan H.

comprehensive and well presented.

JK
Joung Ho K.

The course explained quite well why REIT is capital intensive in nature.

PB
Phillip B.

Made difficult subject of REIT easier to understand.

Load More

$89

$ 89 Real Estate In Stock

Accreditation

Get Unlimited Access to Lawline Courses

Unlimited CLE Subscription gives you access to take almost any course from our catalog and earn as much CLE credit as you need.