Depreciation within Partnerships on Syndicated Development Deals

[Michael Colligan]

Our newly forming development group is looking for a structure that allows the partners in the sponsorship entity to take the lions share of the accelerated depreciation, in spite of having 10% or less of equity in the deal. Any ideas about how to structure the entity? 

We've talked to some great legal and accounting minds, but don't have any firm answers. It's starting to feel like a C-Corp might be worth considering- unfortunately we can't qualify as a REIT at the moment.