Massachusetts Brownfields Tax Credit Transaction

Outcome: Successful representation.

Description: Successful representation of two (2) Massachusetts Realty Trusts by securing a large tax credit award of 2009 Massachusetts Brownfields Tax Credits (the “Tax Credits”) for them, and then facilitated and closed on the sale of these Tax Credits to a Tax Credit Syndicator. Brownfields Tax Credits are issued by the Commonwealth of Massachusetts to developers who have successfully remediated environmentally contaminated sites. The tax credits are issued as a percentage of the developer’s costs incurred in the environmental cleanup of the site. We congratulate our clients for their successful remediation and development of these environmentally damaged sites, located in important development areas in the Commonwealth of Massachusetts.