The Mother of all Tax Loopholes & Zeckendorf Bros. Downtown Funk

This week, we dive deep into one of the most extraordinary tax loopholes that the CRE market has ever witnessed: the Traveling HFC, a Texas property-tax absolving vehicle that's been adopted en masse by distressed syndicators, agency lenders and a cottage industry of consultants, nonprofits and attorneys. The most punitive version of a bill designed to torpedo it flew through the Texas Senate, and now the industry is grappling with a very rude and abrupt end to a too-good-to-be-true party. We're joined by Texas' own Barrett Linburg to discuss the HFC saga, the gold rush it set off and what the fallout could mean for the long-term health of affordable housing in the state. Hiten and Will then discuss the Zeckendorf Brothers' latest big swing: an ultra-luxury condo at 80 Clarkson Street that has reportedly scored a half-billion dollars in sales without any fanfare – we unpack the players and lenders behind this quiet giant. For advertising inquiries, contact us at [email protected] information about our guest Barrett Linburg at Savoy Equity Partners https://savoyequity.com/ and on Twitter https://x.com/DallasAptGPFind Hiten @hitsamty on Twitter  Relevant reads:1) The Texas Chainsaw Massacre: https://www.thepromote.com/p/the-texas-chainsaw-massacre-schwartz-s-puretz-playbook#steamrolled-syndicator-lifeline-on-2) Inside Syndicators' Favorite Housing Loophole: https://www.thepromote.com/p/inside-syndicators-favorite-housing-loophole-mayweather-s-ko-deal3) Inside Texas' Vanishing Property Tax Rolls: https://www.thepromote.com/p/inside-texas-vanishing-property-tax-rolls-dimon-s-byte-sized-delights#inside-texas-vanishing-property-tax4) Texas landlords scramble for property tax breaks worth millions as loophole closes: https://www.houstonchronicle.com/news/investigations/article/texas-developers-property-tax-loophole-closing-20066584.php5) Quiet Kings of Capital: https://www.thepromote.com/p/the-promote-the-quiet-kings-of-capital6) House of Outrageous Fortune: Fifteen Central Park West, the World's Most Powerful Address: https://www.amazon.com/House-Outrageous-Fortune-Fifteen-Powerful/dp/1451666195