Our attorneys represent colleges, universities, and other nonprofits in the acquisition, development, financing, and leasing of a wide range of facilities. Our clients include public and private colleges and universities, research organizations, federal government agencies, state and local governments, professional and trade associations, labor unions, performing arts organizations, and a range of charitable organizations.
The types of facilities involved in these transactions have included the headquarters of the organizations, college and university campus facilities, student housing, affordable workforce housing for employees, and commercial or other revenue-generating property. We have extensive experience in tax-exempt bond financing, in which we represent the nonprofit borrowers in structuring and negotiating arrangements that enable them to achieve substantial interest cost savings in comparison to conventional debt financing approaches. We also deal with unrelated business income tax (UBIT) issues that frequently arise when tax exempt organizations invest in real estate transactions.