Real Estate Funds

Overview

The Goulston & Storrs Real Estate Funds Group is an interdisciplinary group of attorneys combining the real estate, business, securities, tax, ERISA and entity (corporate, partnership, limited liability companies) expertise necessary to represent the different types of real estate funds in all aspects of their operations. Our attorneys represent Funds in their formation and capital raising, as well as both foreign and domestic investors in Funds. We are experienced in the various asset classes, bringing together as a team, both the technical expertise and the business approach necessary to help our clients achieve successful fund raising efforts.

Our clients include Funds formed for the purpose of investing in a variety of real estate opportunities, including equity real estate, real estate operating companies, real estate related debt instruments, mezzanine lending and foreign investment opportunities, as well as Funds investing in other Funds (“Funds of Funds”). Investors in these Funds include public and private pension funds, foundations, endowments, corporations and other institutional investors, as well as high net worth individuals and foreign investors - both institutional and individual. Our clients include Funds formed as limited liability companies, partnerships and trusts and include Funds investing in both foreign and domestic assets.

We advise our clients in connection with the appropriate Fund structures and the placement of Fund interests, the general structure and operations of the Funds, and in the myriad of compliance requirements. This advice includes the preparation of placement memoranda, limited partnership agreements, limited liability company agreements and other Fund organizational documents, subscription agreements, and all other necessary offering and organizational material.

We regularly provide counsel with regard to matters arising under US and foreign tax regimes, including the use of private REITS and leveraged blockers, parallel Funds (whether established for tax, regulatory or other reasons), ERISA, and federal and state securities laws, including the Investment Advisers Act and applicable exemptions under the Investment Company Act. We also provide advice to Fund sponsors on tax, securities and other issues relating to the Fund sponsor’s organization and its internal compensation and "carried interest" arrangements for Fund managers and employees. On an on-going basis we provide, or help Fund sponsors create, compliance programs for REIT tax and unrelated business taxable income and various regulatory and other requirements applicable to a Fund, as well as compliance with the contractual, ERISA and tax investment requirements of a Fund.

Real Estate Fund Investment Types

  • Affordable housing
  • Distressed Debt
  • Hotels
  • Multifamily housing
  • Office
  • Retail
  • Urban Development