Leasehold Condominiums and Your Real Estate Strategy

October 26, 2021

Leasehold condominiums can be extremely beneficial for non-profit organizations to create long-term certainty on their headquarters and program needs. Many in the education sector, social service organizations and both large and small foundations have been able to take advantage of this real estate structure. The team at OPEN – a Transwestern affiliate – and Herrick, Feinstein LLP took a deep dive into leasehold condominiums.

KEY TAKEAWAYS

  • Non-profit real estate market overview

  • Advanced negotiation strategies to take advantage of real estate tax exemptions for this type of structure

  • Identify if your organization is leasehold condominium ready

  • The legal structure of a leasehold condominium

SPEAKERS

  • Lindsay Ornstein, Co-Founder - OPEN Impact Real Estate
  • Stephen Powers, Co-Founder - OPEN Impact Real Estate
  • Philip Tucker, Partner - Herrick, Feinstein LLP

Note: this was an in-person event, and the venue was an indoor/outdoor setting. Proof of vaccination was required for entry and masks were required while indoors.