Question:

How are the investments structured for tax purposes?

Answer:

For each Condev project a new Limited Liability Company (LLC) is formed.  These are also commonly known as Special Purpose Entities (SPE).  Investors are equity members of this SPE. 

PLEASE NOTE:  Condev and its affiliated companies do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.  All offering documents should be carefully read for additional details, disclosures, and disclaimers.