Navigating Article 11 and Other Real Estate Tax Exemptions in New York City: Strategies, Trends, and Key Considerations
11:45 AM - 12:45 PMWed
Speakers
Reiter, Mitch
General Counsel
Metropolitan Realty Group
Thompson, Erica
Associate
Nixon Peabody LLP
Lynch, Joseph
Partner
Nixon Peabody LLP
This panel brings together industry experts to provide a comprehensive overview of Article 11 in New York City and the critical factors that practitioners and stakeholders should understand when engaging with this financing mechanism. Panelists will explore the nuances of Article 11, offering suggested tips and best practices for negotiating favorable bond terms in today's market. The discussion will also examine equity take-out trends over the past three years, highlighting shifts in deal structures and the evolving landscape for borrowers and investors alike. In addition, the panel will address the New York City Council approval process, providing insight into how local political dynamics and community engagement influence the path to securing necessary approvals.