CRE Workshop: Unlocking The Hidden Capital Stack

WHAT YOU'LL LEARN

An interactive workshop for developers, sponsors, investors, and finance leads on how to find the hidden money sitting inside your capital stack.

In this 90-minute live session, you'll get a no-jargon walkthrough of the most powerful tax strategies shaping commercial real estate today, taught by senior practitioners from Ryan with more than 30 years of CRE experience. We'll cover credits, incentives, depreciation, property tax abatements, transferability, and negotiated economic development packages, and how the sharpest deal teams are layering them to materially improve outcomes.

We'll work through real case studies that show how early CPA collaboration and tax alignment translate directly into reduced sponsor equity, stronger DSCR, enhanced investor returns, and greater exit flexibility. You'll leave with a practical framework for identifying which strategies fit which deals, when to bring them into underwriting, and how to coordinate the specialists who execute on them.

You'll Learn How To:

Decode the modern capital stack:

Understand eight funding sources you might not know about, including §179D, ITC, accelerated depreciation, HTCs, NMTCs, transferability, property tax, and negotiated incentives, and where each one creates real capital
 

Identify hidden money in deals you're already underwriting

Spot the qualification triggers most teams miss, from census tract eligibility to designer allocations on non-profit work

Teams regularly overlook boring details that can add huge value to a project - you’ll learn what they miss
 

Leverage Tax Credits:

Never used a tax credit before?  Wondering how sophisticated real estate investors save hundreds of millions with tax credit strategies?

We’re doing this workshop with the #1 team in the US on tax credits  - this advice normally costs thousands of dollars per hour - Learn these secrets here! 
 

Layer strategies for compounded impact

See how multiple incentives can stack on a single project, and the structural logic that makes layered strategies work
 

Bring tax strategy into underwriting early

The best real estate investors are experts on tax strategy - Learn what the best are doing

Learn when to engage tax experts, what to flag before you close, and how to avoid the missteps that disqualify projects before construction starts
 

Navigate the post-IRA transferability market

Understand eligibility, buyer engagement, and IRS coordination for monetizing credits as a new source of liquidity
 

Apply the framework to your asset class

Whether you're in data centers, affordable housing, historic redevelopment, or industrial, see which levers move the math for your specific deal profile

Who This Workshop is For: Commercial real estate developers, sponsors, investors, fund managers, CFOs, capital markets professionals, data center operators, affordable housing developers, economic development professionals, and CPAs and tax advisors serving CRE.

THIS WORKSHOP WILL COVER

DecodIng the Modern Capital Stack

• Eight funding sources you might not know about: §179D, ITC, accelerated depreciation, HTCs, NMTCs, transferability, property tax, and negotiated incentives
• Where each one creates real, usable capital
• How the sharpest deal teams layer them to improve outcomes

Identifying Hidden Money in Deals You're Already Underwriting

• Qualification triggers most teams miss, from census tract eligibility to designer allocations on non-profit work
• The "boring" details that quietly add major value to a project
• How early tax alignment reduces sponsor equity and strengthens DSCR

Leveraging Tax Credits Like the Top Investors Do

• How sophisticated investors use credit strategies to save at scale
• Guidance from the #1 team in the US on tax credits
• The fundamentals, even if you've never used a credit before

Layering Strategies for Compounded Impact

• How multiple incentives stack on a single project
• The structural logic that makes layered strategies work
• Real case studies tying tax alignment to investor returns and exit flexibility

Bringing Tax Strategy Into Underwriting Early

• When to engage tax experts and what to flag before you close
• The missteps that disqualify projects before construction starts
• How to coordinate the specialists who execute

Navigating the Post-IRA Transferability Market

• Eligibility, buyer engagement, and IRS coordination
• Monetizing credits as a new source of liquidity

Applying the Framework to Your Asset Class

• Which levers move the math for data centers, affordable housing, historic redevelopment, or industrial
• A practical framework for matching strategies to deal profiles

Workshop Logistics

Format: Live, interactive 90-minute session over Zoom

Can't make it live, or want to revisit? All registrants will receive a recording of the workshop afterward, so you can review the material on your own time or share it with your team.

Bring your deal. We'll reserve time at the end for live Q&A. Have a real project, a capital stack you're working through, or a specific situation you want the pros to take a look at? Bring it along and our practitioners from Ryan will take questions and react to your scenarios directly. The more specific you bring it, the more you'll get out of it.

About Bisnow Workshops:

Bisnow workshops combine our global reach with targeted educational sessions designed to shape, inform, and improve key elements of your business operations and decision making. Through partnerships with industry leaders on everything from tax and finance to operations and affordable housing, these long form sessions delve deep into the conversations already defining our stages and publications, allowing you to better make better and more informed decisions shaping your market's economic and commercial ambitions.