Smith Carey W

In the bustling and complex real estate market of Washington, D.C., where intricate transactions, development projects, and sophisticated tax implications are the norm, having experienced and knowledgeable legal counsel is absolutely essential. Carey W. Smith, a Senior Counsel at the distinguished law firm Arnold & Porter, is a highly respected attorney specializing in a broad spectrum of real estate and tax matters. His practice covers everything from negotiating large-scale equity investments to advising on the nuances of federal tax incentives, making him a valuable resource for developers, investors, and businesses operating in the District.

This article will provide a detailed look into Carey W. Smith's areas of expertise, his firm's prominent location in D.C., and why his specialized services are particularly beneficial for locals navigating the multifaceted world of commercial real estate and transactional tax planning in our nation's capital. His comprehensive understanding of both the transactional and tax aspects of real estate ensures a holistic approach to client needs, which is crucial for successful outcomes in this highly competitive market.

Carey W. Smith practices at the Washington, D.C. office of Arnold & Porter, a leading global law firm located at 555 12th St NW, Washington, DC 20004, USA. This address places the firm in an undeniably prime and central location within downtown Washington, D.C., making it exceptionally convenient and accessible for clients throughout the District and the wider metropolitan area.

The accessibility of this office is a significant advantage for local users. The building is situated directly within easy walking distance of several major Metro stations, most notably Metro Center, which is a major hub serving the Red, Orange, Blue, and Silver lines. This provides seamless public transportation access from virtually every neighborhood in D.C., as well as convenient connections for clients commuting from suburban Maryland and Virginia. The ease of access via the Metro system minimizes travel time and reduces the logistical challenges often associated with visiting downtown offices. Additionally, numerous Metrobus routes also serve the 12th Street NW corridor, further enhancing public transit options.

For those who prefer to drive, while on-street parking in downtown D.C. can be limited, there are several commercial parking garages available in the immediate vicinity of 555 12th St NW. These facilities offer paid parking solutions for visitors, ensuring that clients have convenient options. The building itself is a modern, professional, and well-maintained structure, reflecting the high standards and significant presence of Arnold & Porter in the nation's capital. This strategic location not only offers practical convenience but also symbolizes the firm's deep integration into D.C.'s core business, financial, and legal landscape.

Carey W. Smith's practice at Arnold & Porter focuses primarily on sophisticated real estate and tax matters, covering a wide range of transactional and advisory services for clients in the commercial real estate business. His expertise extends to all phases of complex real estate investments and developments.

• Equity Investments in Real Estate: His primary focus involves negotiating and documenting transactions for equity investments in real estate. This includes a variety of structures such as single-asset joint ventures, programmatic and platform joint ventures, and real estate funds. He represents all participants, from sponsors, developers, and managers to institutional investors and family offices.

• Complex Real Estate Transactions: He possesses broad experience in handling intricate real estate transactions, including:

  • Acquisitions and Dispositions: Guiding clients through the purchase and sale of commercial properties.

  • Debt Financing: Advising on the legal aspects of financing real estate projects.

• Local and Federal Tax Incentives: He regularly advises clients on structuring investments to comply with various tax incentives, notably the new federal Opportunity Zone program, helping clients leverage these benefits effectively.

• Transactional Tax Planning: His tax practice is heavily focused on U.S. federal income taxation of partnerships and limited liability companies, particularly in the context of transactions.

• Executive Compensation Matters: Due to the proliferation of incentive arrangements using partnership interests or similar equity plans (like "profits interests" or "carried interests"), he has developed extensive experience in executive compensation related to real estate ventures.

• Distressed Asset Situations: He has experience in the tax and transactional issues involved in debt restructuring, recapitalization, and other distressed asset situations, providing crucial guidance during challenging financial periods.

• Hospitality Sector: While his expertise spans various real estate types, he also has specific experience within the hospitality sector, demonstrating versatility in his practice.

Carey W. Smith's professional background and client engagements highlight several key features that establish him as a highly valuable attorney in the real estate and tax sectors.

• Integrated Real Estate and Tax Expertise: One of his most significant features is his dual specialization in both real estate and tax law. This combined knowledge allows him to offer comprehensive advice that considers both the transactional mechanics and the intricate tax implications of complex real estate deals, leading to more efficient and favorable outcomes for clients.

• Focus on Equity Investments and Joint Ventures: His primary focus on negotiating and documenting equity investments in real estate, particularly joint ventures (single-asset, programmatic, and platform), demonstrates a deep understanding of the capital structures and partnership dynamics that drive modern real estate development and investment.

• Opportunity Zone Program Advisor: His regular advisement on structuring investments to comply with the federal Opportunity Zone program is a critical highlight. This specialized knowledge helps clients navigate a complex incentive program designed to spur investment in distressed communities, offering a pathway to significant tax benefits.

• Representation of Diverse Participants: He represents a full spectrum of participants in real estate joint ventures, including sponsors, developers, managers, institutional investors, and family offices. This broad client base speaks to his versatility and ability to cater to various interests within a transaction.

• Strong Problem-Solving Acumen: He is praised for his "creative mind when it comes to solving problems," indicating an ability to develop innovative and effective solutions for complex real estate and tax challenges.

• Involvement in Notable Transactions: His experience includes representing prominent clients like The John Akridge Companies in various acquisition, development, financing, joint venture, and tax matters, and Vornado Realty Trust in significant real estate portfolio acquisitions and joint ventures, underscoring his involvement in high-value, impactful projects.

• Strong Academic Background and Admissions: Graduating from Yale Law School and being admitted to practice in the District of Columbia, Maryland, and California, highlights a robust legal education and the ability to serve clients across multiple key jurisdictions.

As a Senior Counsel at a prestigious global law firm like Arnold & Porter, Carey W. Smith does not engage in "promotions or special offers" in the traditional consumer sense. The value he provides is derived from his highly specialized legal expertise, strategic advice, and meticulous handling of complex real estate and tax matters.

However, the "offers" or significant benefits for clients who engage with an attorney of his caliber include:

• Optimized Transaction Structuring: His integrated real estate and tax knowledge enables clients to structure deals in the most tax-efficient and commercially advantageous ways, potentially saving substantial amounts of money over the life of a project. This "promotion" is in the form of maximized financial benefit.

• Risk Mitigation: For complex real estate investments, his expertise in navigating joint venture agreements, regulatory compliance (like Opportunity Zones), and distressed asset situations helps clients mitigate significant legal and financial risks.

• Strategic Solutions for Complex Problems: His "creative mind" translates into innovative solutions for challenging real estate development, acquisition, or tax issues, which can unlock value or overcome obstacles that less experienced counsel might not identify.

• Comprehensive Due Diligence: Clients benefit from his meticulous attention to detail in documenting transactions, ensuring that all aspects of real estate equity investments and financing are thoroughly vetted and legally sound.

• Access to Global Firm Resources: Engaging with Carey W. Smith means clients also gain access to the extensive resources, deep industry knowledge, and collaborative network of specialists across Arnold & Porter's global practice, ensuring comprehensive support for multi-faceted projects.

For those in Washington, D.C., seeking expert legal counsel in commercial real estate, joint ventures, real estate tax planning, or related transactional matters, here is the contact information for Carey W. Smith at Arnold & Porter's D.C. office:

Address: 555 12th St NW, Washington, DC 20004, USA

Phone: (202) 942-5000

Mobile Phone: +1 202-942-5000

It is advisable to contact Arnold & Porter directly through their main office number to inquire about scheduling a consultation with Carey W. Smith or to learn more about the specific services he provides. The firm's administrative team can facilitate connecting you with the appropriate legal professional for your real estate and tax needs. Additionally, the Arnold & Porter website offers detailed attorney profiles and comprehensive information on their various practice areas, serving as a valuable resource for potential clients.

Carey W. Smith, as a Senior Counsel at Arnold & Porter, is exceptionally suitable for locals in the District of Columbia, particularly for businesses, developers, investors, and family offices involved in commercial real estate and complex tax planning. His suitability stems from his specialized expertise, the firm's strategic location, and his practical approach to legal solutions.

Firstly, D.C.'s real estate market is characterized by significant development, intricate financing, and unique local and federal tax considerations. Carey's deep expertise in real estate joint ventures, acquisitions, dispositions, and especially his knowledge of the Opportunity Zone program, directly addresses the core needs of local real estate players. For any entity looking to develop, acquire, or invest in properties within D.C., his integrated understanding of both transactional and tax law is invaluable for maximizing returns and navigating regulatory complexities.

Secondly, the central location of Arnold & Porter's office at 555 12th St NW offers unparalleled accessibility for D.C.-based clients. Being steps away from major Metro lines means that busy real estate professionals can easily access top-tier legal advice without significant logistical hurdles, fostering efficient and effective collaboration.

Finally, his reputation for having a "creative mind" and providing practical solutions ensures that D.C. clients receive not just legal advice, but strategic guidance tailored to their specific business objectives. In a city where real estate development and investment are highly competitive and complex, having a lawyer like Carey W. Smith who can seamlessly integrate tax planning with transactional strategy is a distinct advantage. For locals seeking to navigate the intricacies of D.C.'s commercial real estate landscape, Carey W. Smith offers the precise expertise and strategic foresight needed for successful outcomes.