Real Estate Allocation Due Diligence Webinar Series

Posted by Andrew Borowiec on Jan 29, 2018 11:13:01 AM


Real estate focused investments have long been an important part of institutional investor portfolios. There are numerous alternative transaction structures to participate in real estate investments, each with a variety of benefits and risks. Additionally, the underlying asset class presents a wide range of diligence issues that must be assessed and appreciated by the prudent institutional investment manager.

This 3-part program will review the benefits and risks of different alternative investments in real estate assets and practical diligence policies and procedures for analysis of real estate and related investments.

Learning Objectives:

  • Analysis of alternative transaction structures – benefits and risks
  • Review of SEC and other regulatory issues including Investment Adviser Act protections
  • Analysis of recent U.S. federal tax issues and their impact to your diligence requirements including the audit rules
  • Improved understanding of operational diligence issues, including issues that arise by using affiliated service providers such as brokers or property managers
  • Analysis of different risk mitigation strategies
  • Analysis of real estate sponsor “pressure points” for negotiations of investment management or adviser agreements
  • Strategies and metrics to improve ESG (Environmental, Social and Governance) and Impact Investment strategies


  1. March 8, 2018 - Regulatory and Tax Issues. Members view here.
  2. March 22, 2018 - Diligence issues arising from the different real estate strategies and structures, including special issues of focus regarding the real estate sponsor and investment adviser and other significant operational issues. Members view here.
  3. April 26, 2018 - Non-U.S. properties and issues and Property and Management Entity and other operational diligence, including exit strategies, properly level diligence issues. Members view here


Richard M. Morris, Corporate Partner, Herrick, Feinstein LLP
Richard Morris has more than 25 years of transactional experience in such areas as corporate finance; corporate real estate including public and private REITs and real estate funds; institutional investment, including the formation and acquisition of funds, investments in real estate-related assets, and traditional and alternative source financings and investments; and corporate governance, including company management and regulatory matters such as securities, banking and investment management and advisor regulations.

Louis Tuchman, Partner and Tax Department Chair, Herrick, Feinstein LLP
Louis Tuchman has worked extensively in structuring real estate investments, focusing on partnerships and limited liability companies, particularly as they are employed in connection with cross-border investments. His experience encompasses large-scale commercial and residential deals, real estate investment trusts (REITs) and Real Estate Mortgage Investment Conduits (REMICs), tax-free exchanges and transfer taxes. He works extensively with families that have diverse real estate portfolios, assisting with planning and strategic decisions, including managing succession to the next generation.

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Tags: Webinars, Real Estate

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