Michael Markenson joined the firm in 1977 and serves on the firm’s management committee. His practice focuses on real estate development, credits and finance, with emphasis on organization, syndication, taxation, real estate acquisition and financing. He primarily represents owners and developers of residential and commercial properties, including for-profit and not-for-profit developers that utilize federal and state tax incentives.
Mr. Markenson is involved primarily with debt and equity financing, structuring the choice of entity, federal and state tax credits, security law and real property issues. He reviews and negotiates limited partnership agreements with national syndicators and equity providers, and has been involved in affordable housing and rehabilitation transactions from New York to California. However, Mr. Markenson 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.
Mr. Markenson’s expertise involves debt financing, using conventional as well as non-conventional financing, including tax-exempt revenue, bonds and 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. In addition to the development side, he represents developers and owners in the tax consequences of restructuring debt, including workouts.
Mr. Markenson speaks on real estate development issues and makes presentations at programs and seminars, including those sponsored by the Missouri Department of Economic Development and the Missouri Housing Development Commission.
Since 1984, he has been adjunct professor of law (Graduate Tax Program) with Washington University School of Law in St. Louis with classes in real property development and equity financing utilizing federal and state tax incentives.
Court Memberships
United States Tax Court
United States Court of Appeals (Eighth Circuit)
Professional Affiliations & Memberships
Missouri Bar Association
American Bar Association (Section on Taxation)
Bar Association of Metropolitan St. Louis – Past President, Tax Section (1989-1990)
Publications, Presentations & Teaching
Adjunct Professor: Washington University School of Law: Graduate Tax Program since 1984
Honors, Distinctions & Ratings
Best Lawyers in America (2008-present)
Practice Areas
Real Estate
Tax Credit Financing
Tax & Estate Planning
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)
Bar Admissions
Missouri, 1977