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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

  • work Practice Area

    Real Property - Transactions

Date & Time
  • event Date

    Tuesday, March 30, 2021

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$347.00
CLE
ALL

This CLE course will provide real estate counsel with advice and guidance on the $2.3 trillion Consolidated Appropriations Act 2021 (CAA) provisions that relate directly to real estate. The panel will address the provisions that provide rental assistance and the extent and restrictions on the current eviction moratorium. Real estate counsel will be advised on the types of grants available for commercial property owners of closed venues and the new tax depreciation for residential rental properties.

Faculty

Steven P. Katkov
Shareholder
Cozen O'Connor

Mr. Katkov represents and counsels clients in a broad range of commercial real estate transactions, including financings/commercial lending, acquisitions, dispositions, sale-leaseback transactions, commercial leases, rights-of-way and easement agreements, and portfolio acquisitions and dispositions around the nation ranging from $50 – $900 million. He also advises builders, developers, and landlords seeking government approvals to pursue project entitlements and in defending alleged regulatory violations.  Mr. Katkov represents a variety of borrowers in varying financing transactions, including mezzanine loans. He regularly represents national industries in leasing across all product types and leads the firm’s real estate initiatives for clients engaged in the cannabis industry in 13 states.

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Paul P. Mattingly
Partner, National Chair of the Real Estate Department
Seyfarth Shaw LLP

During Mr. Mattingly’s tenure as Chair, the firm’s Real Estate Department has grown to be one of the five largest commercial real estate practices in the United States. The Department regularly handles the largest and most complex real estate and real estate finance transactions. As a practitioner, Mr. Mattingly leads teams that serve institutional real estate clients in transactions across the U.S., including a real estate finance team that has closed loans having a value in excess of $6 billion in each of the last three years, and a leasing and development team that represents one of the world’s largest retailers on a national basis.

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Thomas Michaelides
Attorney
Seyfarth Shaw LLP

Mr. Michaelides focuses his practice on commercial real estate transactions. He has experience representing clients in connection with the acquisition, disposition, financing, development and leasing of commercial properties. In addition, Mr. Michaelides has also had experience with counseling large scale real estate developers of residential property with regard to the new rent regulations stemming from the New York Housing Stability and Tenant Protection Act of 2019.

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Description

The 2021 CAA includes several provisions related to real estate, particularly leasing, that counsel should be familiar with as clients continue to seek legal assistance during this time of economic uncertainty.

Congress has extended both the eviction moratorium and rental assistance program. The regulations for applying for this assistance and qualifications are limited, and tenants should not presume any provision of the 2021 CAA will apply to them. Counsel must prepare to assist tenants in securing properties and current landlords in understanding its impact. On the consumer side, the current CAA provides several provisions that extend depreciation to residential rental properties.

Additionally, the 2021 CAA provides limited grants for closed commercial venues to access federal funds and extend the real estate provisions to housing cooperatives. Real estate counsel will need to be aware of the grant requirements to assist clients seeking funds to remain on a property while closed.

Listen as our authoritative panel discusses the recently approved 2021 CAA as it relates to real estate provisions. The panel will address landlord and tenant concerns related to how appropriations can assist clients in remaining in properties while seeking federal funds.

Outline

  1. Federal relief -- Consolidated Appropriations Act 2021
    1. Rental assistance
    2. Eviction moratorium
    3. Grants for closed venues
    4. Depreciation of residential rental property
    5. Housing cooperatives

Benefits

The panel will review these and other important issues:

  • How has the CAA extended the eviction moratorium, and what are the restrictions?
  • What type of rental assistance is available under the CAA, and what are the qualifications for receipt?
  • What grants are available for closed venues, and what is the process for application?
  • How has the CAA extended the depreciation of certain residential rental properties?
  • How has the extension of CAA benefits impacted housing cooperatives?