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Article: Real Estate Partnerships Face Shakeout;Reform Shatters Get-Rich-Quick Dreams
- Article from:
- The Washington Post
- Article date:
- September 30, 1989
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Real estate limited partnerships, the sizzling tax-shelter
investment strategy of the early 1980s, are leaving millions of
Americans feeling burned as the decade closes.
A victim of its own excesses, overbuilding in major real estate
markets and flip-flops in federal tax policies, the real estate
limited partnership industry is withering, according to numerous
speakers at the Real Estate Securities and Syndication Institute
conference here last week. Investment levels have plummeted, leaving
the formerly high-flying sponsors of the programs struggling to
survive.
Many investors, meanwhile, are just beginning to realize that
they will not recoup their money, they could face serious tax ...