Brett D. Siglin

Mr. Siglin focuses his practice on a broad range of business law matters involving corporate structuring, joint ventures, bond financing, syndication of equity, contract negotiation, regulation and compliance, tax credits, property tax exemptions, and real estate acquisition and development. He represents developers, lenders, investors, syndicators, real estate investment trusts, and other businesses and public sector entities. Mr. Siglin is experienced with utilizing federal and state Low-Income Housing Tax Credits (LIHTC) and tax-exempt bond financing to structure transactions; advising on debt and equity terms; negotiating development agreements and construction contracts; assisting with zoning and permitting; advising on compliance issues; counseling on state and local tax incentives; resolving complex tax issues; and providing wide-ranging federal and state tax advice.

Mr. Siglin served as an attorney advisor for the U.S. Department of Housing and Urban Development in Washington, D.C. for four years before entering private practice.

Admitted to Practice

• Arizona (2017)
• Illinois (2003)
• Minnesota (2017) (Inactive)
• District of Columbia (2007) (Inactive)
• Maryland (2006) (Inactive)

• Represented developers in the acquisition, financing, development, and operation of multiple 160+ unit assisted living facilities in Arizona and Minnesota
• Closed dozens of transactions nationwide involving the acquisition and development of properties through the utilization of tax-exempt bonds, tax credits, property tax exemptions and other advantageous financing vehicles
• Represented a private real estate equity firm in structuring and negotiating joint venture in connection with the acquisition, development, and financing of over 25 real estate venture nationwide
• Assisted several real estate management firms with the creation, structuring, negotiation, operation, and management of multi-investor and single investor private placement funds, raising over $250 million for investment in various assets throughout the western United States
• Closed 15 syndicated transactions on behalf of a fund investing in partnership for the development of projects across various states, which generated over $90 million in federal and state tax credits
• Consulted with a New York investment firm on behalf of a major Puerto Rican bank with respect to the management and restructuring of an asset portfolio worth $2 billion

Articles

• “Year-End Countdown Begins for Opportunity Zone Deadline,” Quoted, Opportunity Zone Magazine (December 22, 2021)
• “How to make ESG investments more effective in Opportunity Zones,” Quoted, Opportunity Zone Magazine (October 26, 2021)
• “New bill introduced to extend Opportunity Zones beyond 2026,” Quoted, Opportunity Zone Magazine (August 4, 2021)
• “Potential Regulatory Relief for Sponsors Raising Equity for Qualified Opportunity Funds,” Co-Author, Novogradac Journal of Tax Credits, Volume XII, Issue IV (April 2021)
• “Capital Raising Developments for Qualified Opportunity Funds,” Co-Author, Opportunity Zone Magazine, Volume 2, Issue 1 (February 25, 2021)
• “The College Athletes of Jennings, Strouss & Salmon: Playing the Game of Law,” Featured, Attorney At Law Magazine (June 26, 2020)
• “Opportunity Knocks,” Author, Commercial Investment Real Estate Magazine (January/February 2019)
• “Here Are the Tax Benefits Associated with Opportunity Zones,” Author, AZ Big Media (September 2018)
• “Combining FHA and other HUD Programs with Tax Credits,” Author, ABA Journal of Affordable Housing and Community Development Law (2008)
• Venture Capital Law Handbook, Contributing Author (1999)

Blogs

• “Qualified Opportunity Zones: Newly Released Guidance by Internal Revenue Service (IRS),” Co-Author, Jennings Strouss Blog (April 2019)
• “New Tax Incentive for Development in Low-Income Communities, Part I,” Jennings Strouss Blog (August 2018)

Presentations

• “OZ Legislation Update: Status of the Opportunity Zone Incentive and Ongoing Congressional Bills Impacting Potential Extensions, Social Impact Reporting Requirements and Tax,” Panelist, 2022 Opportunity Zone Expo – Phoenix (October 3, 2022)
• “The Compliance Hour (Replay) – 02.07.22,” Co-Moderator, OZworks Group (February 7, 2022)
• “The Compliance Hour (Replay) – 01.03.22,” Co-Moderator, OZworks Group (January 3, 2022)
• “Panel 1 – End of Year Considerations for OZ Investors/Meeting OZ Deadlines/Performing Due Diligence,” Moderator, America’s Top Project, Opportunity Zone Expo (December 2, 2021)
• “The Compliance Hour (Replay),” Co-Moderator, OZworks Group (October 4, 2021)
• “What makes a good project? The ROI talk; Equity, Securities and Accessing Senior & Mezzanine Debt,” Panelist, 2021 Opportunity Zone Expo – Denver (July 15, 2021)
• “Opportunity Zone Update: How you can still get involved in investing in Opportunity Zone funds,” Moderator, BISNOW (January 21, 2021)
• “Latest Trends Affecting Investment and Development in Opportunity Zones,” Presenter, Retirement Experts Network (December 15, 2020)
• “Establishing OZ Funds: Direct Investment vs. Joint Venture vs. Passive Investments,” Panelist, 2020 Fall Virtual Opportunity Zone Expo (November 13, 2020)
• “Progress-to-date and The Road Ahead,” Speaker, Novogradac 2020 Opportunity Zones Fall Virtual Conference (October 23, 2020)
• “It’s Not Too Late to Invest in Opportunity Zone Funds,” Presenter, Prescott Estate Planning Council (September 23, 2020)
• “OZ Entrepreneur: How Do I Start My Own QOF or QOZB?” Moderator, 2020 Virtual Opportunity Zone Expo (June 24-25, 2020)
• “Opportunity Zone Forum: Final Regulations Review & Next Steps,” Panelist, Arizona Commerce Authority (February 27, 2020)
• “Opportunity Zone Incentive: Key Issues for Business, Investors, and Funds,” Presenter, State Bar of Arizona (February 19, 2020)
• “Pinal County Qualified Opportunity Zone Investment and Development Forum,” Presenter, Pinal County (October 18, 2019)
• “Opportunity Zone Roundtable with Congressman Paul Gosar,” Presenter, Opportunity Zone Roundtable (August 2, 2019)
• “Opportunity Zones Insights from a Real Estate Developer’s Point of View,” Guest, The Mapable USA Podcast (August 2, 2019)
• “What Every Investor Needs to Understand About Opportunity Zone Investing,” Guest, The Mapable USA Podcast (July 25, 2019)
• “The OZExpo Podcast Interview with Jack Heald,” Guest, The OZExpo Podcast (July 9, 2019)
• “The Secret Power of Opportunity Zones & The Fight Against Socialism in Utah,” Prosperity Council (May 29, 2019)
• “New Qualified Opportunity Zone Incentive:  How It Can Benefit Your Community,” Arizona LeadingAge (May 23, 2019)
• “Qualified Opportunity Zones and Qualified Opportunity Funds,” Yuma County Seminar (May 8, 2019)
• “The Big Win-Win: How Investing in the Development of Underserved Communities Can Cut Your Tax Liability,” Enterprise University (May 7, 2019)
• “Qualified Opportunity Funds: I realized the capital gain. Now what?” Prescott Commercial Realtor Group Meeting (May 2, 2019)
• “1031 Exchanges and Opportunity Zones: Which One Should I Choose?” Panelist, Maricopa County Bar Association (May 1, 2019)
• “West Valley Opportunity Zone Forum,” Panelist, WestMarc Seminar (February 28, 2019)
• “Yavapai County Qualified Opportunity Zones Forum,” Panelist, Yavapai County Seminar (February 27, 2019)
• “Qualified Opportunity Zones in Southern Arizona,” Panelist, Local Initiatives Support Corporation (LISC) (January 25, 2019)
• “Qualified Opportunity Zone Discussion,” Panelist, Law Firm Alliance (December 2018)
• “Qualified Opportunity Zones Seminar,” Panelist, Jennings, Strouss & Salmon (November 1, 2018)
• “Qualified Opportunity Zones and Qualified Opportunity Funds,” Panelist, Maricopa County Bar Association (October 25, 2018)
• “Introduction to and Tips for Success in Transactional Practice,” Panelist, Judicial Internship Opportunity Program (June 2018)
• “15-Year Issues,” Moderator, National Leased Housing Association Conference (2016)
• “Partnership Exit Strategies,” National Leased Housing Association Conference (2015)
• “Economic Substance Doctrine,” Virginia Housing Conference (2011)

National Leased Housing Association

American Bar Association

• Former Member, Partnership Committee Task Force

• Opportunity Zone Magazine, “Top 25 OZ Influencers,” Attorney (2020)

• German