$150 Million Capital Gains for Owner of Development Company

Owner of a large privately held development company
Representation of owner of privately held development company regarding the restructuring and sale of the client's ownership of $150 million in undeveloped land prior to developing condominium units on the land. This allowed the client to benefit from the lowest possible tax rate.
Related Practices
Richard M. Goldstein
Chair, Tax & Private Wealth
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
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