Dennis W. RussoCorporate Real Estate & REITs
(212) 592-1470
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Scott E. MollenCorporate Real Estate & REITs
(212) 592-1505
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REITs, commercial and investment banks, financial institutions and real estate portfolio owners and managers all turn to Herrick to help them finance, acquire, dispose of, restructure, lease, and where necessary, foreclose on their real estate interests. We can also help you identify and execute the right ownership vehicle for your investments, including complex joint ventures and other ownership structures; and to make the most of tax incentives and tax-advantaged programs.
You’ll have the advantage of our history in the real estate industry—which is also the whole history of our firm. Herrick was originally established as a real estate boutique in 1928 and is now one of the region’s preeminent real estate practices. Our work takes us wherever yours does, and we can help you with your real estate interests wherever in the world they may be. Herrick’s long experience in the industry, understanding of the market, and intimate knowledge of the players bring a value to the deal table that other firms simply can’t provide. Real estate is in our bone marrow, and that means we can work faster, work more efficiently, and bring you new opportunities that help you make your business plans a reality.
REITs
A Real Estate Investment Trust is a special animal, and Herrick can help you decide if starting one is the right strategy for your business. We can also help you build it and administer it, including the complex attendant issues in the real estate, corporate, tax and securities arenas. We’ll help you choose the appropriate REIT structure, and evaluate the financial and tax consequences of each.
Up-and-running REITs will benefit from our experience in acquiring, developing and disposing of commercial projects, debt and joint ventures. Our clients include both mortgage and equity REITs, lenders to REITs and other owners whose properties are acquired by REITs. We also advise REITs on their special business endeavors, such as forming a joint venture to develop off-balance-sheet assets or to acquire assets, and in litigation.
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