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In many ways, managing a property for a real estate fund is just like managing property for any other owner. The real estate fund manager needs to have a clear understanding of the fund's goals and objectives for the property and its ability to provide cash for the property's operations, planned renovations or correction of deferred maintenance. Allocating funding for tenant improvement costs or leasing commission expenses is essential as is having an exit strategy for the property. The fund manager serves as the general partner or managing member of the fund and makes all investment decisions on its behalf. Understanding how real estate funds are structured and how they seek to execute their investment strategies for their investors can help the real estate manager provide excellent se...
NEW YORK, April 16 /PRNewswire/ -- Franco-American Financier and Activist Guy Wyser-Pratte noted today that the article published in the Thursday, April 15th Edition of Le Nouvel Observateur magazine raises serious and troubling questions about Arnaud Lagardere's level of indebtedness, and more importantly, his ability to meet his obligations as a General Partner of Lagardere SCA (MMB.PA). Mr. Wyser-Pratte called upon Mr. Lagardere to step forward and clarify for shareholders his financial dealings relating to put options and sale of Lagardere shares reported by Le Nouvel Observateur. Mr. Wyser-Pratte stated: "I am sympathetic that Arnaud Lagardere may be experiencing some personal financial problems but this should not be allowed to interfere with the operation of Lagardere nor the pur...
The IRS allows individuals to create a Family Limited Partnership (FLP) to eliminate or decrease the estate and gift taxes while allowing the individual to control the assets. However, there are challenges to an FLP if the rules are not followed. Disadvantages of an FLP are failure to fund the FLP, failure to involve "business" assets only, liability of a parent as the general partner, limit creditor's access to the FLP's assets, and limit the percentage of the assets placed in the FLP.
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