Marcum, LLP
Patrick Rowland
June 16, 2016
In a recent article by Brian Dove originally published on the National Real Estate Investor Blog (http://nreionline.com/real-estate-services/managing-unexpected-costs-and-coverage-pitfalls-environmental-exposures ), Brian was very thorough and careful to discuss the copious quantities of environmental exposures which exist across the spectrum of real estate investing; but one thing left out of that discussion was the possible upside opportunity associated with a special tax provision, which was originally implemented to ameliorate the burdens levied upon owners and investors from a contamination or pollution clean-up. A possible bright spot in an otherwise dreary practice area might provide solace to those who are faced with the daunting task of cleaning up old contamination – particularly pertinent if the current owners didn’t cause the contamination.