(BOSTON) – Scott Jones and Marguerite Lombardo have co-authored a white paper with Probitas Partners on the impact of the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) on non-U.S. investors in U.S. real asset funds. In December 2015, a number of legislative changes were made to FIRPTA, including a new exemption for certain non-U.S. pension plans. This white paper analyzes those changes and describes structures and best practices for mitigating the impact of FIRPTA on U.S. real asset fund investors.
Probitas Partners, our co-author on this report, is an independent, global placement advisory firm that partners with leading managers of alternative investment products seeking to raise capital from institutional investors. It serves institutional investor clients seeking to invest capital as well as fund sponsors seeking to raise capital for private equity, real estate, infrastructure, credit, real assets and special situations strategies.
Scott is a partner and Marguerite is a senior counsel, and both are members of the Private Investment Funds and Tax Groups.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.