Real Estate

Schinner & Shain offers comprehensive services in the areas of real estate acquisition and development, tax planning, financing, leasing and disposition.  We advise buyers and sellers through all phases of real estate transactions, including the negotiation of the purchase agreement, the property and title due diligence processes, secured lending matters and closing issues.

Our real estate services include:

  • Purchase/Sale Transactions
  • Option Agreements
  • Leasing and Landlord-Tenant matters
  • Like-Kind / Tax-Deferred Exchanges
  • Secured Liens
  • Easements
  • Tenants-in-Common Agreements
  • Real Estate Litigation

Coupled with the firm’s experienced tax group, our real estate practice group has emerged as a leader in the use of limited liability companies for real estate investment and development, including the use of:

  • LLC syndicates for real estate projects
  • Single member LLCs for personal asset protection
  • LLCs as part of tax-deferred exchanges (like-kind exchanges)
  • Multi-series LLCs for individuals with large real estate portfolios
  • Family LLCs for estate planning

For additional information, please review the following articles written by Michael Schinner:

“The Delaware Series LLC Advantage,” 26 California Business Law Practitioner (CEB) (Fall 2001)

“Drafting an Operating Agreement for a Single-Member Limited Liability Company,” 25 California Business Law Practitioner (CEB) 97 (Fall 2000)

“IRS Rulings Expand Opportunities for Using Single-Member LLCs in 1031 Exchanges,” 88 Journal of Taxation 286 (1998)

“Are Commercial Rents Passive Investment Income for Subchapter S Purposes,” 6 Journal of S Corporation Taxation 168 (1994) (co-authored)