Speaking Engagement
Feb 10, 2026
Tim Farahnik to Speak at ABA Real Property, Trust and Estate Law Section Virtual Symposium
Tim Farahnik, partner in Seyfarth's Real Estate department, will serve as a speaker for the session, "Equity Over Dirt: Navigating PSA Drafting and Closings for Real Estate–Owning LLCs," at the ABA Real Property, Trust and Estate Law Section Virtual Symposium on February 10.
The session will equip transactional real estate practitioners to confidently advise clients, draft, negotiate, and close purchase and sale agreements for membership interests in real estate–owning LLCs. The speakers will discuss entity-level versus asset-level transfers, and when structuring a real estate transfer as an entity-level transfer may be appropriate or advisable. During the course of this program, attendees will learn:
- When it may be appropriate or advisable to choose an LLC membership interest sale over a direct asset sale, including impacts on transfer taxes, assignability of contracts and permits, title insurance, and operational continuity at the property level.
- With respect to LLC succession planning and circumstances where a member may be buying out another member, how to understand and advise clients on buyout provisions in LLC operating agreements, and provisions relating to withdrawal of a member, whether voluntary or involuntary.
- To tailor representations and warranties to entity-level risks.
- How the due diligence process for a membership interest sale differs from a traditional real estate transaction.
- How the closing process, and closing documents, for a membership interest sale differs from a traditional real estate transaction.
By the end of the program, attendees will learn to distinguish the structural, legal, and tax implications of equity versus asset purchases in the real estate context; conduct targeted diligence of a property-holding LLC; draft precise, enforceable PSA provisions that address entity-specific risks; and negotiate market-informed risk allocation, remedies, and closing mechanics that protect their clients and facilitate efficient closings.