Warren "Skip" Kessler is a Partner in Liner's Business Transactions & Restructuring and Real Estate Groups. Skip represents institutions, large real estate portfolio owners, private businesses, and high-net-worth individuals in connection with tax structuring of complex real estate transactions as well as the restructuring of partnerships and limited liability companies that own large parcels of real estate. He has a national reputation for creative and outside-the-box solutions to complex and complicated transactions and his skill and deep experience in the underlying real estate, partnership, limited liability company, and finance matters enables him to devise tax-efficient structures for his clients.
Skip is one of the country's foremost experts on Section 1031 exchanges. He has structured thousands of forward and reverse Section 1031 exchange transactions involving billions of dollars of property and has devised numerous strategies to permit one or more partners to accomplish separate Sections 1031 exchanges. His solutions also permit some partners to undertake Section 1031 exchanges and others to cash out, all in a tax-efficient manner.
He translates the complexities of the Internal Revenue Code and its Regulations into language that his clients can understand and act upon. Skip is always at the cutting edge of real estate and partnership tax planning issues. He is a frequent speaker on Section 1031 topics, regularly speaking at various high-level national seminars. His practice also includes representing clients before the Internal Revenue Service, Tax Court, and Franchise Tax Board. He has been selected as a Super Lawyer since 2006 and has been listed in The Best Lawyers in America® since 2013.
Skip's skill and knowledge of tax regulations have resulted in numerous owners disposing of their properties located in Downtown LA and adjacent areas on a tax-free basis, transferring those properties to purchasers who have redeveloped them for retail, residential, hotel, and other uses, thereby transforming the character of DTLA.
Skip is also involved in numerous charitable and pro bono activities, most notably serving as General Counsel to the Wilshire Boulevard Temple Board of Trustees.