The Tax Man: Taxes in Private Equity Real Estate

Nori Gerardo Lietz; Timothy J. Becker; Ricardo  Andrade; Sayiddah Fatima McCree

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Supplement | HBS Case Collection | August 2018

The Tax Man: Taxes in Private Equity Real Estate

by Nori Gerardo Lietz, Timothy J. Becker, Ricardo Andrade and Sayiddah Fatima McCree

Language: English

Format: Electronic

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Citation:

Lietz, Nori Gerardo, Timothy J. Becker, Ricardo Andrade, and Sayiddah Fatima McCree. "The Tax Man: Taxes in Private Equity Real Estate." Harvard Business School Spreadsheet Supplement 219-019, August 2018.

About the Author

Nori Gerardo Lietz

Senior Lecturer of Business Administration

Finance

Entrepreneurial Management

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Case | HBS Case Collection | August 2020

NextView Ventures

Jo Tango and Nori Gerardo Lietz

Citation:
Tango, Jo, and Nori Gerardo Lietz. "NextView Ventures." Harvard Business School Case 821-031, August 2020. View Details

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Case | HBS Case Collection | April 2017 (Revised August 2020)

The U-Turns of National Truck Stops

Nori Gerardo Lietz and Alexander W. Schultz

Raj Makam had spent months trying to restructure a 2006 investment he had made in National Truck Stops, Inc. (NTS) as a senior member of Oaktree Capital Management’s (Oaktree) Mezzanine finance business within their Corporate Debt platform. It was the first time they had truly considered forcing a company into involuntary bankruptcy, which he clearly would prefer to avoid lest they risk losing their entire investment. As the company’s financial position worsened, Oaktree’s counterparties became increasingly difficult. It often seemed as if they were prioritizing their ongoing business relationships over the economics of their respective investments. Oaktree knew the cards were stacked in its favor legally, but did that really make a difference when the cost of perfecting its interests would be so expensive and difficult? Would this be a Pyrrhic victory?

Keywords: mezzanine financing; corporate debt; bankruptcy; real assets; Financing and Loans; Borrowing and Debt; Insolvency and Bankruptcy; Restructuring; Private Equity; Cost vs Benefits; Atlanta; New York (city, NY);

Citation:
Lietz, Nori Gerardo, and Alexander W. Schultz. "The U-Turns of National Truck Stops." Harvard Business School Case 217-062, April 2017. (Revised August 2020.) View Details

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Teaching Note | HBS Case Collection | July 2020

Hilton Hotels: What a Long, Strange Trip It’s Been (A) and (B)

Nori Gerardo Lietz and Sean Bracken

Teaching Note for HBS Case Nos. 215-049 and 215-050.

Citation:
Lietz, Nori Gerardo, and Sean Bracken. "Hilton Hotels: What a Long, Strange Trip It’s Been (A) and (B)." Harvard Business School Teaching Note 221-008, July 2020. View Details

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The Tax Man: Taxes in Private Equity Real Estate

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