Michael Markenson joined the firm upon his graduation from the University of Missouri – Columbia in 1977 and serves on the firm’s management committee. Michael concentrates his practice on real estate development and finance, with emphasis in all phases of real estate transactions. His clients are primarily owners and developers of residential and commercial properties, including for-profit and not-for-profit developers that utilize federal and state tax incentives. These tax benefits encourage affordable housing production throughout the country through use of the low-income housing tax credit, as well as the preservation and rehabilitation of historic properties in Missouri through use of historic rehabilitation tax credits.

In structuring the development transaction, Michael is involved primarily with debt and equity financing issues, including structuring the choice of entity, federal and state tax credit issues, security law issues and real property issues. He reviews and negotiates limited partnership agreements with many national syndicators and equity providers, and has been involved in affordable housing transactions and rehabilitation transactions from New York to California. Primarily, however, Michael has specialized in State of Missouri tax incentives, including the Historic Rehabilitation Tax Credit, the Brownfield Tax Credit, Affordable Housing Assistance Program Tax Credit and other Missouri credits.

Michael’s experience involves debt financing, using conventional as well as non-conventional financing, including tax-exempt revenue, bonds, subsidies offered by the Missouri Housing Development Commission through the HOME program or through the reserve balance program, the risk share program and other financing offered by the Department of Housing and Urban Development.

Mr. Markenson is a speaker for various groups on a variety of real estate development issues and has been an adjunct professor at the Washington University School of Law, Graduate Tax Program since 1984. He has been a presenter at various programs and seminars, including those sponsored by the Missouri Department of Economic Development and the Missouri Housing Development Commission

Michael is a member of the Missouri Bar, the American Bar Association (Section on Taxation) and the Bar Association of Metropolitan St. Louis. Michael is admitted to practice in the United States Tax Court and the United States Court of Appeals (Eighth Circuit).

Education

Washington University (B.S.B.A., 1974; M.B.A., 1974 with honors); University of Missouri (J.D., 1977); Washington University (Masters in Taxation, 1980).

Adjunct Professor

Washington University School Law: Graduate Tax Program.

Past President

Bar Association of Metropolitan St. Louis, President, Tax Section (1989-1990).

Practice Areas

  • Tax Credit Finance
  • Real Estate
  • Tax and Estate Planning