Timothy W. Donovan provides guidance to clients on various complex tax issues related to business transactions, particularly in the real estate sector. He specializes in advising clients on the federal income taxation of real estate investment trusts (REITs) and their operating partnerships, real estate funds, and joint ventures. Tim also addresses the tax implications for non-U.S. investors in U.S. real estate under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA).
He routinely advises publicly traded, non-traded, and private REITs, including mortgage REITs, real estate funds, and non-U.S. real estate investors on a wide range of issues, including the tax considerations of mergers, acquisitions, and transactions. Additionally, Tim supports REITs with ongoing operational matters, representing them in requests for private letter rulings from the IRS on unique issues concerning their qualification as REITs.
Furthermore, Tim works with clients on structuring and implementing Section 1031 like-kind exchanges and Delaware statutory trusts (DSTs), along with addressing matters related to New York State and New York City real property transfer taxes.
