FIRPTA 101: A Basic Overview of a Complex Tax Law
Stewart NCS Title Tenets Webinar
March 2024
The U.S. commercial real estate market remains a top destination for foreign investors to place their capital. At the start of the previous year, the National Association of Realtors reported that the volume of cross-border investments had already increased to $43B – an increase of 16% over the previous year and representing 7% of the total CRE transactions for the period. When cross-border CRE investors transition to the role of sellers, the properties sold in those transactions are potentially subject to income taxes and withholdings under the Foreign Investment in Real Property Act of 1980 (FIRPTA). FIRPTA is a very complex tax law that can result in significant financial penalties if ignored. Join us for a 1-hour webinar in which we’ll provide a basic overview of FIRPTA as it pertains to the role of the closer throughout FIRPTA commercial real estate-based transactions.
Presented by:
Hannah Ortega-Anayat, VP, Senior Commercial Escrow Officer
Read her bio here.
NCS Speaker
Hannah Ortega-
Anayat
VP, Senior
Commercial Escrow
Officer
Hannah Ortega-Anayat is a Stewart vice president and senior commercial escrow officer. Her strength lies in simplifying complex CRE transactions. Hannah has broad commercial experience in many kinds of closings, including multifamily, retail, hospitality, new construction, industrial projects, vacant land and multisite. She credits her success to clear communication, proactive operations and a solution-based mindset.
