Taxation on Real Estate Conference

The Taxation on Real Estate Conference delivers a comprehensive, forward-looking examination of the tax, legal, and strategic issues shaping real estate investment and ownership in today’s rapidly evolving environment. Gain critical insight into how recent and proposed changes in tax law, regulatory guidance, and political dynamics impact real estate transactions, structures, and long-term planning.

This conference is a valuable tool for CPAs, accountants, tax professionals, and advisors specializing in real estate, partnerships, and transactional planning, as well as real estate attorneys and in-house tax and finance professionals at real estate companies.

8:25am – 8:30am 
Welcome Remarks and Administrative Duties  

8:30am-9:30am 
Tax Update

Hear an overview of recent tax law changes impacting real estate. Discuss recent court cases and controversy surrounding real estate. Explore general planning strategies for real estate taxation in the current environment.

Lyle Prempas, CPA, Lauterbach & Amen
Zeinat H. Zughayer, JD, Senior Manager, National Tax, Tax Advocacy and Controversy Services, Baker Tilly, US LLP

9:40am -10:40am
A Federal Tax Legislative Update

Examine the current legislative state of play in Washington, D.C., as well as the outlook for U.S. tax policy heading into the 2026 midterm elections and beyond. Delve into how different political outcomes and budget pressures could shape fiscal policy going forward, including provisions enacted as part of the One Big Beautiful Bill Act.

Alex Brosseau, CPA, MST, Senior Manager, Tax Policy Group, Deloitte Tax, LLP

10:50am -11:50am 
Opportunity Zones: Updates

Take a deep dive into Opportunity Zones, including a brief refresher and an analysis of the changes from the OBBBA. Explore example issues, hear relevant takeaways, and address potential outstanding questions.

John Hoffman, CPA, CCSP, Founder & President, Bracket Partners, LLC

11:50am-12:30pm 
Lunch  Break

12:30 pm-1:30pm 
Tax Deferral – Delaware Statutory Trust

The use of a Delaware Statutory Trust (DST) in a like-kind exchange has become more common since the issuance of Revenue Ruling 2004-86. However, the tax issues go beyond the guidance in the Revenue Ruling. They become especially complex when there is acquisition financing and when the sponsor uses bridge financing to acquire the property. Discuss both the requirements of Revenue Ruling 2004-86 and the collateral tax issues to be considered in the DST structure. Examine how a self-created DST can be used to address "drop and swap" situations.

Edward J. Hannon, JD, CPA, LLM, Partner, Kelley Drye & Warren LLP

1:40 pm-2:40pm  
Partnership Taxation with Focus on Real Estate

Explore common partnership tax issues through a real estate lens, including allocations, liabilities, basis considerations, promote considerations, and capital gains considerations.

Matthew Larvick, JD CPA, Shareholder, Chair, Tax & Estate Planning Group, Vedder Price

2:50pm – 3:40pm
Artificial Intelligence and Machine Learning in Real Estate

Receive an overview of the current state of artificial intelligence (AI) and machine learning. Walk through the application of both in real estate use cases, sample demonstrations, best practices and considerations, and exploration of industry-specific challenges.

Marius Andreasen, CFA | MAI | ASA, Principal, PwC

3:50-4:50 pm
International Tax Considerations in Real Estate

Cross-border capital continues to flow into U.S. real estate, while more U.S. investors are looking abroad for real estate opportunities. But when real estate crosses borders, the tax rules are anything but straightforward.

This session will break down the international tax considerations advisors need to have on their radar, including FIRPTA withholding on dispositions of U.S. real property interests, foreign ownership structures, treaty planning, blocker corporations, REIT strategies, partnerships, effectively connected income, branch profits tax, and estate tax exposure for non-U.S. owners. We will also touch on outbound considerations for U.S. investors acquiring or holding real estate outside the United States.

Using practical examples, attendees will leave with a working framework for spotting international tax issues early, asking better questions, and adding value as strategic advisors on cross-border real estate transactions.

Mark Gallegos, CPA, MST, Partner, Porte Brown LLC

4:50 pm  
Conference Adjourns

Special thanks to Christopher Rim, CPA, Miller Cooper, & Co. Ltd.,  and Lyle Prempas, CPA, Lauterbach & Amen LLP for planning this year’s Taxation on Real Estate Conference.

Marius Andreasen

Marius Andreasen serves as a partner in PwC’s Financial Markets Real Estate Group. Marius has 25 years of cross-discipline real estate and business valuation experience, having provided advisory services covering more than $160 billion in transactions. Marius has a broad market perspective, working with clients and investors covering a wide variety of assets and transactions across the capital structure in conjunction with real estate portfolio and joint-venture valuations, fair value measurement, lease accounting, M&A due diligence support, strategic planning, asset impairment studies, feasibility studies, highest and best use analysis, financing, litigation support, sale-leasebacks, fresh start accounting, estate planning, and valuations of fractional/minority interests in real estate holding companies, joint ventures and partnerships, real estate-related going concern enterprises and REITs, as well as CMBS loan originators. Marius is a Chartered Financial Analyst (CFA), a designated member (MAI) of the Appraisal Institute, an Accredited Senior Appraiser (ASA) with the American Society of Appraisers, and a graduate of the University of Illinois Gies College of Business, with a B.S. Finance and Land Economics, and M.S. Accounting with a Data Science concentration. He is a contributing editor to the Appraisal of Real Estate textbook (14th and 15th ed.), a guest lecturer at the at the University of Illinois and University of San Diego, serves as a Subject Matter Expert to the Appraisal Foundation National Appraiser Qualifications Board (AQB), and is a licensed Certified General Appraiser in forty states across the U.S. Prior to joining PwC, Marius was Executive Managing Director and National Technology & Data Strategy Lead of the Advisory business at Cushman & Wakefield (C&W), and prior to that was the founder and National Practice Leader of the C&W Financial and Tax Reporting practice.

Alex Brosseau

Alex Brosseau is a Senior Manager in Deloitte Tax LLP’s Washington National Tax office, where he serves as a trusted advisor on U.S. tax policy developments. In this role, Alex keeps Deloitte and its clients ahead of the curve, translating enacted and potential legislative changes into actionable insights that shape business strategy and compliance. Before joining Deloitte’s tax policy team, Alex made his mark on Capitol Hill as Senior Analyst for Tax Policy with the U.S. Senate Budget Committee from 2012 to 2015. As the committee’s lead tax and revenue adviser, he counseled two influential chairpersons—Senator Patty Murray and Senator Kent Conrad—on all manner of tax policy issues. At this time, Alex also became steeped in the intricate and arcane rules of budget reconciliation – a filibuster-proof process leveraged with increasing frequency to move sweeping tax and spending bills. Alex’s career began in client service at Deloitte Tax LLP, where he focused on clients in the financial services and real estate industries. His hands-on experience with complex tax issues laid the foundation for his later work in policy. A Certified Public Accountant (CPA), Alex holds a Master of Science in Taxation from American University in Washington, DC, and a Bachelor of Arts in Accounting and Economics from the University of Saint Thomas in Saint Paul, Minnesota. Alex is known for his ability to bridge technical expertise with policy strategy, making him a sought-after resource for clients and colleagues navigating the fast-moving world of tax legislation.

Mark Gallegos

Mark Gallegos, CPA, MST, is a tax partner on Porte Brown’s tax services team, based in Chicago, Illinois. With over 20 years of experience, Mark has become a trusted advisor in the areas of taxation, specializing in mergers & acquisitions, international tax, and tax credits and incentives. His expertise is anchored in a deep understanding of complex tax legislation and the evolving regulatory landscape. Mark is a prolific speaker and writer, frequently hosting webinars and delivering presentations on tax legislation and related topics. Mark is a frequently sought-after public speaker, known for his insightful commentary and his deep understanding of our complex tax legislation. He has served as an expert contributor to global media outlets such as Wall Street Journal, CNN, USA Today, Washington Post, Bloomberg, FOX News, ABC News, Tax Advisor, American Institute of Certified Public Accountants, as well as many local news publications, industry podcasts, and news radio broadcasts. Also, Mark was recently named to Forbes 2025 America's Top CPAs List.

Edward Hannon

Edward J. Hannon, attorney and certified public accountant, concentrates his practice on providing advice and counsel to clients on the use of various tax-savings structures in a variety of real estate matters. Ed has worked with clients in providing advice on tax-driven structures involving real estate located throughout the United States. His practice ranges from joint ventures for real estate development projects to projects that include investment in U.S. real estate by foreign investors and tax-exempt entities. He has an in-depth understanding of regulations, including Section 1031 of the Internal Revenue Code and Delaware Statutory Trusts (DST) and tenant common structures to facilitate the like-kind exchange process. Ed is co-leader of Polsinelli’s DST working group and has advised various real estate companies on the use of the Delaware Statutory Trusts structure to raise co-investment capital. Ed also has significant experience in advising both existing owners and equity providers in connection with the tax and structural issues that arise in the case of distressed real estate. Ed also regularly works with members of Polsinelli’s Corporate and Transactional practice in providing advice and counsel to clients in connection with mergers and acquisitions of privately owned businesses. He has represented both private equity funds and strategic buyers in both asset sale and stock sales and the use of limited liability companies (LLC) to facilitate tax-free rollovers of management equity. Ed has significant experience in drafting and negotiating tax representations and tax sharing provisions in stock purchase agreements, membership interest purchase agreements and asset purchase agreements involving U.S.-based businesses. In addition to working with clients, Ed is a frequent panelist on webinars and symposiums on tax planning for real estate transactions. He has been a member of the adjunct faculty at DePaul University Graduate School of Business in its MBA program.

John Hoffman

As the President and Founder of Bracket Partners, LLC (www.bracketpartners.com), my mission is working with clients to maximize tax incentives related to real estate, renewable energy, and other fixed assets. In an advisory role, I help clients identify, implement, and monetize federal, state, and local incentives when clients are buying, building, expanding, renovating, relocating, and/or selling property. I focus on tax credit and incentive areas such as historic redevelopment, renewable energy, affordable housing, new markets, and opportunity zones. I also work with clients to maximize cost recovery through tax deferral and savings strategies such as cost segregation, repairs and maintenance (tangible property) tax regulations, and energy incentives including 179D & 45L. I work directly with property owners, developers, tenants, business owners, investors, not for profits, and government entities. I also provide my services indirectly through CPA firms as a trusted partner in various arrangements. My diverse work history includes over 20 years working at a variety of professional service firms, small to large, private and public. I also spent several years as a real estate development manager where I focused on senior and multifamily housing, retail, hotels and indoor waterparks. I am an active public speaker on topics related to real estate including tax incentive and cost recovery issues as well as energy and sustainability opportunities. I am an active Certified Member and served as President of the ASCSP ("American Society of Cost Segregation Professionals"). I am a member of Landmarks Illinois and serve on the Real Estate and Building Industries Council. I am a Board of Advisor member for the James A. Graaskamp Center for Real Estate affiliated with the University of Wisconsin – Madison. I am also a licensed CPA in Illinois.

Matthew Larvick

Matthew Larvick guides private investment funds, sponsors, entrepreneurs, investors, securities issues, underwriters and businesses in tax-efficient structuring and implementation of sophisticated investments and transactions. Matt regularly helps clients form private equity and hedge funds, buy and sell businesses and navigate high-value domestic and cross-border investments. He also advises on the tax structuring of asset-backed securitizations involving a wide range of collateral. Distilling complex tax issues, Matt delivers clear actionable guidance. A lawyer, certified public accountant and former adjunct professor in the IIT Chicago-Kent College of Law Graduate Tax Program, Matt applies his legal knowledge, technical depth and business insight, devising practical tax-efficient strategies focused on achieving his clients’ objectives.

Lyle Prempas

Lyle Prempas is a CPA and a senior manager at Baker Tilly in the Construction and Real Estate tax group. Lyle has more than 15 years of experience in the Chicagoland market and assists clients with tax compliance including capital account maintenance, debt allocations, income/loss allocations and liquidity events. In addition he consults with business owners regarding organizational structuring to achieve tax efficientcy, reviews operating agreements to ensure desired goals are met, and works with management advising on day-to-day operations to enhance cash flow management, maintain internal controls and streamline accounting functions.

Zeinat Zughayer

Zeinat H. Zughayer, Senior Manager - Tax Advocacy and Controversy at Baker Tilly US Experienced Tax Manager with a demonstrated history of working in the accounting industry. Skilled in Business Planning, Legal Discovery, Tax Research, Legal Compliance, and Public Speaking. Strong tax professional that graduated from Marquette University Law School.