The office-park deduction

摘要

Can't get your favorite charity to accept your commercial real estate as a donation? A new REIT based in Santa Fe might help out. An associate of H. Garrett Thorn-burg Jr., a Santa Fe, N.M. money manager, was visiting a charity last year when he overheard a telephone conversation. The head of the charity was turning down a donation of a large piece of real estate. The charity had no expertise managing property, the executive explained—not to mention tax liabilities, the mortgage and any number of possible surprises.