Weller Partners LLP is a transactional real estate and tax law firm. Our attorneys are experts in matters affecting real estate investments, the taxation of business ventures, capital formation, transaction management, due diligence, and IRC Section 1031 tax deferred exchanges. Our firm has extensive experience designing and implementing strategies for real estate and business asset acquisitions, transfers, exchanges, leases, financing, work-outs,  business start-ups, limited liability companies, partnership and joint venture formations, transactions involving REITs, capital raising through placement of partnership interests and stock, as well as business and personal tax planning.Our founding partner, Lou Weller, is a nationally recognized expert in the area of IRC Section 1031 exchanges and tax aspects of real estate transactions generally. He and our other attorneys bring more than half a century of collective knowledge and experience to our clients. We have a reputation of delivering the highest quality legal, transactional real estate, tax, and deal structuring advice to our clients. Our attorneys are highly experienced real estate deal lawyers, and we are among a select few attorneys considered to be particularly expert in both the tax and real estate aspects of Section 1031 exchanges and Opportunity Zone investments. The following is representative of works authored by our attorneys over the past 10 years:

“Real Property Exchanges,” Third Edition, published by the California Continuing Education of the Bar (CEB) 2002, and annual/bi-annual updates

Journal of Taxation:

  • “Opportunity Zone Investments: More Adventures in the Land of OZ,” Vol 131, No 15 (November 2019)
  • “Opportunity Zone Investments: The New Emerald City of Tax Law,” Vol 130, No 1 (January 2019)
  • “Gain Deferral Following Natural Disasters: Code Sections Riding Tandem,” Vol 128, No 3 (March 2018)
  • “IRS Muddies the Like-Kind Waters in Guidance Considering State Law Classification,”  p 13 (January 2013)
  • IRS Provides Limited Relief for Section 1031 Exchanges That Fail Due to Default by a QI,” Vol. 113, No. 1 (July 2010) (with Richard M. Lipton)

Journal of Passthrough Entities:

  • “Primer on Oil and Gas Like-Kind Exhanges: Part 2,” Vol 17, No 5 (Sept.-Oct. 2014) (with Timothy E. Glasgow and Paul E. Smith)
  • “Primer on Oil and Gas Like-Kind Exhanges: Part 1,” Vol 17, No 3 (May-June 2014) (with Timothy E. Glasgow and Paul E. Smith)
  • Best Practices in Code Sec. 1031 Art Exchanges,” Vol 16, No. 5 (Sept.-Oct. 2013)
  • Non-Qualifying Replacement Property in Like-Kind Exchanges,” Vol 16, No. 3 (May-June. 2013)
  • Foreign Asset Exchanges,” Vol 15, No. 1 (Jan.-Feb. 2013)
  • Musings on Reverse Exchanges,” Vol 15, No. 5 (Sept.-Oct. 2012)
  • The Qualified Intermediary’s Role in the Code Sec. 1031 “Exchange” Requirement,” Vol 15, No. 3 (May-June 2012)
  • What is the Same Deferred Exchange?” Vol. 14, No. 5 (Sept-Oct 2011)
  • Does Code Sec. 1031 Qualified Use Include Intent to Exchange,” Vol. 14, No. 3 (May-June 2011)
  • Taking Exchanges into the Wild Blue Yonder: Section 1031 and Aircraft,”  Vol. 14, No. 1 (Jan-Feb 2011)
  • Like-Kind Exchanges of Government Entitlements,” Vol. 13, No. 5 (Sept-Oct 2010) (with Gregory Marques)
  • Partnership Exchange Issues: Part II,” Vol. 13, No. 3 (May-June 2010) (with Gregory Marques)
  • State Court Developments Highlight Partnership Exchange Issues,” Vol. 13, No. 1 (Jan-Feb. 2010) (with Gregory Marques
  • Tax Consequences of QI Failure in a Deferred Like-Kind Exchange,” Vol. 12, No. 5 (Sept-Oct. 2009)
  • Switching QIs in the Middle of a Deferred Like-Kind Exchange,” Vol. 12, No. 3 (May-June. 2009)
  • Security of Funds in 1031 Like-Kind Exchanges,” Vol. 12, No. 1 (Jan-Feb. 2009)

“Reverse Exchanges Ten Years Later: Lessons Learned and Yet to Be Learned in Light of Rev. Proc. 2000-37,” Tax Management Real Estate Journal, Vol 27, No 8 (August 3, 2011)