David S. Resnick
Partner
305-350-7236
dresnick@bilzin.com
Area of Focus:
Joint Ventures, Corporate, Tax
David S. Resnick
Partner
305-350-7236
GET TO KNOW
DAVID
David handles real estate joint ventures and other strategic partnerships, mergers and acquisitions, and general corporate work for his clients. He lends a strong tax background to his clients' transactions, advising real estate developers, investors, and corporations when structuring their partnerships, acquisitions and dispositions. His extensive joint venture experience in the real estate sector has seen him structure complex transactions for a broad range of asset types, including residential, commercial, and mixed-use developments. He also represents developers in structuring the financing and development of affordable housing, which includes entity selection for non-profit and for-profit developer clients; syndication of federal low-income tax credits; obtaining ad valorem exemptions for affordable housing developments; and representation before state and local housing agencies.
As part of his practice, David also has experience assisting clients with voluntary disclosures, and other tax compliance matters. David is admitted to practice in the United States Tax Court.
Q & A
How can business leaders benefit from joint ventures? What are the key considerations in evaluating a joint venture's potential?
Joint ventures present lucrative opportunities to leverage business strengths and share risks. Collaboration and communication are key to drafting joint venture documents that address four primary considerations, each of which is typically full of various nuanced issues: capital contributions, distributions, management, and exit strategies. I work hard to understand each party’s business goals and expectations to craft a fair, flexible, and comprehensive agreement that anticipates potential issues, and provides a roadmap for resolution and success.
How does your tax background add value to your clients in a joint venture or other corporate deal?
With an LL.M. in Tax, I understand the wide-ranging impact of corporate and partnership tax on our clients' transactions. It’s best to evaluate tax consequences early in a deal’s life cycle. I structure entities and transactions to minimize tax, operate efficiently, and enhance future revenue. In addition to offering guidance on federal tax issues, I also have experience with assisting clients navigate and resolve state and local tax issues, including those concerning Florida sales and use tax, and documentary stamp tax, which is especially helpful in real estate and lending transactions. My role as both a corporate and tax lawyer offers clients continuity, perspective and other advantages.
Why have you chosen to build your career at Bilzin Sumberg?
Simply put, this firm puts its lawyers in a position to succeed. From the truly collaborative work environment where professionals are motivated to work together in promoting our clients' interests and goals, to the genuine civic commitment that encourages firm members to work together outside of the office, I am excited to work at a firm that I know, first-hand, is making a positive impact on South Florida. Our work to support Miami’s success is a source of pride for all of us.
EXPERIENCE
Counseled a national real estate developer on multiple aspects related to the acquisition of a $240 million ground leasehold interest in a multi-family residential property in Miami, Florida. This included advice on the negotiation of the purchase agreement for leasehold interest, review of the exis...
Represented real estate company in connection with the formation of a platform to finance, acquire, develop and own a portfolio of self-storage facilities.
Representation of real estate investment group in the negotiation of a joint venture with a Miami-based real estate developer formed to construct and operate a $200+ million condominium hotel in Hollywood, Florida. Our multi-disciplinary team also represented the joint venture in connection with a $...
Representation of purchaser of 100% of the membership interests of the owner of a newly constructed apartment tower for $184.5 million. The apartment tower is located in the air space above a mixed-use project in downtown Miami, Florida.
Representation of real estate joint venture in the $170 million acquisition of a 1.7 million square foot office complex in South Florida. Served as lead counsel for $148 million financing and assisted client with two joint venture agreements related to acquiring the membership interests in the prope...
Representation of internationally acclaimed hotel and restaurant brand in its national and international expansion. Negotiation of the hotel management agreements, joint venture agreements, and mixed-use hotel development transactions in the Caribbean and Latin America.
INSIGHTS
The U.S. Department of the Treasury and the Internal Revenue Servicehave issued final regulationsthat significantly impact the determination of whether a real estate investment trust (“REIT”) or other qualified investment entity is considered“domestically controlled”under the...
David S. Resnick moderates a panel covering top-of-mind issues being faced by real estate joint venture partners in the market, at Bilzin Sumberg's 5th Annual Development Conference.
In Part 2 of this two-part series, Bilzin Sumberg’s David Resnick and Joseph Tucciarone, Founder and CEO of National Network of Accountants, discuss the innovative risk management, cost control strategies, and other benefits of captive insurance for real estate owners, investors, and developer...
David Resnick moderates the panel Real Estate Capital Markets: Equity & Debt for Florida Multifamily & Condo Deals at the GreenPearl Florida Multifamily Summit. Panelists discuss the challenges created by current capital market conditions as well as regional bank failures that threaten lendi...
Jake M. Greenberg and David S. Resnick explore top-of-mind issues being faced by real estate joint venture partners in South Florida's real estate market at Bilzin Sumberg’s 4th Annual Development Conference.
On December 29, 2022, the IRS and the Treasury Department issued a notice of proposed rulemaking that affects the determination when Real Estate Investment Trusts (“REITs”) are treated as domestically controlled. Although the proposed regulations have not been finalized, and they would a...
CREDENTIALS
-
University of Miami, LL.M., 2010New York Law School, J.D., cum laude, 2009University of Michigan, B.A., with high distinction, 2006
-
University of MichiganAlumni Association, MemberInnovating Commerce Serving Communities (ICSC)MemberUnited Way MiamiYoung Leaders, Executive Committee Member
-
FloridaNew JerseyNew York
-
U.S. Tax Court
-
Top 20 Professionals Under Forty, Brickell Magazine, 2022
Sending an email will not establish an attorney-client relationship. You should not send us any information that you want treated confidentially. By clicking "I Accept," you acknowledge that we may review and use any information you transmit to us.
PRACTICES