FTI Experts’ Hub: Contemplating Handing Back the Keys? Think Again

The total value of offices that were in danger of defaults, foreclosures or other forms of distress rose to more than $38 billion at the end of the first quarter of the year, according to data from MSCI Real Estate. In this context, no wonder many office landlords are considering handing back the keys of their properties to the lenders. But is that the best approach? What are the implications from a tax standpoint? Are there alternatives to capitulation? In the second episode of FTI Experts’ Hub, our quarterly podcast series with FTI Consulting specialists, Commercial Property Executive Senior Editor Laura Calugar talks to Managing Director Scott Drago, who advises clients on a broad range of real estate and transactional tax matters.