NYU’S ANNUAL CONFERENCE ON FEDERAL TAXATION OF REAL ESTATE TRANSACTIONS April 26-27 at Grand Hyatt New York In light of recent shifts in international financial markets and dramatic developments in the domestic real estate arena, New York University’s Real Estate Institute will present an intensive two-day conference — the 21st Annual Conference on Federal Taxation of Real Estate Transactions — to provide real estate professionals, tax attorneys and accountants with state-of-the art information about the complex issues. At the conference, distinguished industry leaders and leading tax and real estate experts will get together for a comprehensive review of recent developments, a look into the future of real estate taxation and an overview of methods for minimizing taxes while maximizing profits.

The two-day conference will take place on Monday, April 26, and Tuesday, April 27, 1999 at Manhattan’s Grand Hyatt New York (42nd Street between Park and Lexington Avenues). It will be chaired by Michael Hirschfeld, Esq., a nationally recognized expert in real estate taxation issues. Mr. Hirschfeld is a partner at Dechert Price & Rhoads and former chair of the Committee on Real Property of the Tax Section of the American Bar Association and the New York State Bar Association.

“This conference brings together a distinguished faculty of leading experts from prominent law and accounting firms and government, who will share valuable insights and teach techniques essential in today’s complex tax arena,” says Kenneth Patton, director of NYU’s Real Estate Institute.

Highlights of this year’s conference will include: *Overview of recent developments in real estate taxation and capital markets *Maximizing capital gains potential *Creative deal structures and choice of entity considerations *Selling to and investing in a REIT: the upside and downside *Washington Update *Estate Planing

Participants and speakers at the conference will include the following industry leaders: * Jeffrey D. DeBoer, Esq., president and chief operation officer, national Realty Committee * Thomas Flexner, senior managing director, Bear Stearns & Co. * Michael J. Grace, Esq., CPA, counsel, Powell, Goldstein, Frazer & Murphy LLP * Paul F. Kugler, Esq., assistant chief counsel, Internal Revenue Service * Carolyn Joy Lee, Esq., partner, Roberts & Holland, LLP * Louis A. Mezzullo, Esq., partner, Mezzullo & McCandlish * Lindy L. Paull, chief of staff, United States Congress, Joint Committee on Taxation * Martin D. Pollack, Esq., co-head, Tax Department, Weil, Gotshal & Manges LLP * Stuart L. Rosow, Esq., partner, Proskauer Rose LLP * Blake D. Rubin, Esq., partner, Steptoe & Johnson, LLP * Robert D. Schachat, Esq., director, Real Estate Group, National Tax Department, Ernst & Young LLP * Sheridan Schechner, managing director, Goldman Sachs, Co. * Lee Sheppard, contributing editor, Tax Notes * Stefan F. Tucker, Esq., stockholder, Tucker, Flyer & Lewis, P.C. * Louis S. Weller, Esq., partner, Weller & Drucker, LLP * Kathleen Ziga, Esq., partner, Dechert Price & Rhoads

The Real Estate Institute at NYU’s School of Continuing and Professional Studies, an industry inspired idea, is today the largest, most prestigious real estate training facility in the world. Currently in its 33rd year of service to the industry, the Real Estate Institute now trains thousands of students a year in its graduate and undergraduate programs, continuing education courses, professional seminars and its national conferences. Located in the heart of New York City, the Real Estate Institute draws on distinguished practicioners for its faculty. The Institute’s activities are guided by an Advisory board, composed of leaders of the New York real

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