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Spotlight: REZNICK GROUP

WASHINGTON DC 03.16.2017

CAPITAL MARKETS AND REAL ESTATE FINANCE

Investing in 2017, Hot Markets, and the Ever-Changing Capital Stack

Mark Hertz -- AIG Global Real Estate
Sujan Patel -- Colony NorthStar
Joe Carter -- Wells Fargo
Spotlight:  REZNICK GROUP
Reznick Group's Tax Principal, Joe Wallace
All good things must come to an end, and Reznick Group tax principal Joe Wallace reminds us that the cherished 45L tax credit expires Dec. 31. Formally known as The Energy Efficient Home Credit, it provides eligible contractors with a $2,000 tax credit for each residential unit (pending certain requirements). The program began in '06 and, by popular demand, was given a one-year extension in '10. However, the hope of its continuing is not likely.  Criteria: the energy savings must be officially engineer certified (and Reznick Group can assist), and the building needs to be three stories or fewer (prime example: a garden apartment complex). Reznick Group has extensive experience in commercial and multifamily real estate, with highly specialized knowledge of tax credits. To find out more about green opportunities and still-available energy programs and credits, visit our sponsor here.
Related Topics: Joe Wallace