Frank Holding Jr. and his extended family have seen the value of their stake double to about $2.2 billion after buying Silicon Valley Bank’s assets out of bankruptcy.
Family offices are among those watching the standoff between President Biden and Republicans in Congress over the debt ceiling, which could cause chaos in the markets.
IRS scrutiny over who qualifies as a real estate professional is a constant. Recent court decisions serve as a strong reminder of the substantiation required to qualify as a real estate professional.