Davis Polk partners Brian Lichter and Michael Rishty were quoted in an article from Law360 discussing commercial real estate trends to look for in 2021. Rishty noted that, with permanent shutdowns of some hotels in New York, owners, developers and investors are looking for ways to repurpose them. When asked about the 1031 Exchange program, a popular way for investors to reinvest sale proceeds into a new property and in doing so defer payment of capital gains tax, Lichter said, “it remains to be seen whether there can be common ground on that in Congress.”

“3 Areas of Real Estate to Watch in 2021,” Law360 (January 3, 2021) (subscription required)

Copy link to share post