Edmonton CREW: Legal Structures for Real Estate Ownership

November 22, 2022

Join Edmonton CREW as we discuss various ownership structures for commercial real estate, including corporations, joint ventures and limited partnerships. When does it make the most sense to use one entity over another?  What advantages and disadvantages does each structure bring? How do profits move through the entity to its owners and what are the tax implications? What are the legal implications of each entity? We will answer these questions and more!

Moderated by Cathy Farnell

Cathy is a commercial solicitor whose practice emphasizes commercial real estate and property development, business law and financing (including real estate construction and term financing, corporate financing and equipment financing). Cathy has been recognized in the peer-reviewed list, The Best Lawyers in Canada in the areas of real estate law, project finance law, banking and finance law and commercial leasing law. Cathy has been the Managing Partner of Witten LLP since January 2021.

Featuring a panel of industry experts:

Kara Engley

Kara Engley CPA, CGA is the Financial Controller for Camgill Development Corporation.  She oversees the financial reporting on Camgill’s portfolio of Joint Ventures, Limited Partnerships, and Corporations.

She thoroughly enjoys complex transactions, reconciliations, and data analysis, and is passionate about providing clarity and meaning to financial information. Real Estate accounting has provided her with endless opportunities to examine and prepare a wide variety of capital and operating budgets, financial statements, and variance analyses.

She has had the privilege of being with Camgill through an enormous period of growth and change, and believes that adaptability, a continuous love of learning, and the support of great people have contributed to her success in this industry.

Jessica Fabbro

Jessica Fabbro (She/Her/Hers) is a partner with Dentons' Tax Group. Jessica advises clients with respect to tax matters. In particular, she provides tax planning, business succession planning and estate planning advice focusing on private corporations, high net worth individuals and family offices, including the implementation needed to meet our clients’ objectives.

Jessica also advises clients on tax effective structures for their business and succession planning needs, including corporate, partnership and trust structures.

She also has experience in tax dispute resolutions, including negotiations with both provincial and federal revenue agencies and at the British Columbia Supreme Court, Alberta Court of Queen’s Bench, Tax Court of Canada, Federal Court of Appeal and Supreme Court of Canada levels.

Patti Walsh

Patti is a partner in Grant Thornton’s audit and business advisory group, and she leads the Construction and Real Estate team in Northern Alberta.

She is also the Practice Support Director for Grant Thornton’s Western Canadian Offices. Patti focuses on financial reporting, audit methodology and advisory services in all aspects of real estate development, construction and operations for public and private corporations.  Patti was an inaugural recipient of the Grant Thornton Professional Excellence Award in 2010.

She has been an active member of the Canadian Institute of Chartered Accountants, and a guest lecturer at the University of Alberta and NAIT.  Patti served as the 2017 present of Edmonton CREW.