Max Dilendorf’s practice involves real estate, blockchain and digital securities.
Max handles all phases of real estate transactions, including acquisitions, dispositions, leasing and financing of commercial and residential real estate in New York, structuring cross-border transactions involving non-US residents, formation of qualified opportunity funds, real estate tokenization and structuring real estate transactions involving cryprocurrency.
In addition to his extensive understanding of state and federal tax, securities and property laws that apply to real estate transactions, Max advises clients on the special rules that apply to cross-border deals, including FIRPTA, PFIC, CFC and international income tax treaties.
Max also provides strategic, transactional and regulatory advice to a wide range of both established and emerging participants in the blockchain and FinTech space, and regularly represents digital security issuers, trading platforms, traditional and crypto investment funds, as well as family offices and managers wishing to cross-over to the blockchain sector.
Max was named to Super Lawyers’ New York Metro Area “Rising Star” in 2018 and 2019 in Real Estate and Technology Transactions sectors.
He has been involved in many conferences worldwide as panel speaker or presenter on the regulatory aspects of blockchain technology and regulation of cryptocurrencies.
-New York. Joint Webinar with tZero and Polymath. “Security Token Framework: Interoperability Through Standards?” April 30, 2019.
-Kuala Lumpur, Malaysia. Asia Blockchain Review and Infinity Blockchain Ventures. Workshop. “Digital Securities (aka Security Tokens). How to launch STO in the US and issues to consider.” April 1, 2019.
-Kuala Lumpur, Malaysia. South East Asian Central Banks (SEACEN) Research and Training Centre. Presentation: “Framework for Launching Digital Securities in the US and Global Modernization of Capital Markets.” March 29, 2019.
-New York. Joint Webinar with OpenFinance and Securitize. “STO/DSO: from Planning to Secondary Trading.” March 13, 2019.-
-New York. IBM Blockchain Ventures. Workshop: “Double Header: Security Token v. Utility Token; Jurisdiction Selection.” March 4, 2019.
-New York. NYC Blockchain Center. Workshop. “Real Estate Tokenization.” February 14, 2019.
-New York. Blockchain Society Executives-Only NYC Conference. Panel Discussion: “Security Tokens v. Utility Tokens.” January 31, 2019.
-Hong Kong, HK. C-Block Capital. Presentation: “Structuring Cross-Border Real Estate Transactions Using Cryptocurrency.” December 4, 2018.
-New York. Joint webinar with Securitize: “Real Estate Tokenization.” November 19, 2018
-New York. Berkshire Hathaway HomeServices. Presentation: “Structuring Foreign Investment in New York Real Estate Using Bitcoin”. November 7, 2018.
-New York. US-China Real Estate Forum. Panel: “Tokenization of Real Estate.” October 11, 2018.
-New York. New York University. Panel: “Blockchain and Digital Securities Regulations in US and Abroad.” July 25, 2018.
-Moscow, Russia. Blockchain Week Conference. Presentation: “How to Launch Compliant Digital Securities in the US.” May 22, 2018.
-Moscow, Russia. World Blockchain & Cryptocurrency Summit. Panel: “Regulations of Cryptocurrency in the US an Abroad.” May 19, 2018.
60 Broad Street, 24th Floor
New York, NY
Security Token Offerings (STOs)
Business and Real Estate Joint Ventures
Inbound Investments in US Real Estate
U.S. Southern District of New York
US Inbound Investment in Commercial Development Project
Represented a foreign private fund in connection with the corporate and tax structuring of their investment in commercial real estate project in NYC by utilizing beneficial tax treaty provisions, and combination of debt and equity
Commercial Property Tokenization Consulting
Advised a client regarding the process of tokenizing $40M commercial property in the Midwest, addressed applicable securities regulations and token transfer restrictions for US and non-US investors, selected appropriate legal structure and consulted regarding the underwriting process on a smart-contract, issuance of ERC-20 tokens, verification of the accreditation status of US and non-US investors, KYC/AML checks, as well as onshore/offshore banking
Acquisition of Development Lot in Miami
Represented a developer as co-counsel in the acquisition of a $21M development lot on the Indian Creek Compound, Miami, FL
Sale of Multi-Family Building and Partner Buy-Out
Successfully represented a client in the sale of a mixed-use building in Midtown, Manhattan and in the buy-out of his partner’s ownership interest in the building
Tokenized Real Estate Lending Fund
Working with a client on setting-up a $20M tokenized real estate lending master feeder fund (US/Cayman), including potential tax implications, application of US securities and investment regulations and worldwide treatment of the fund tokens
Commercial Loan Secured by a Building
Represented a borrower in a $10M commercial loan transaction secured by an office building in Florida
Acquisition and Development of EPA’s Superfund Site in Connecticut
Represented a developer as co-counsel in a $50M project that involved the acquisition of the EPA’s Superfund site in CT for developing a 100,000 SF retail store
Retail Condo Purchase and Financing
Assisted a foreign client with obtaining financing for the purchase of a $5.75M retail condominium unit in Downtown, Manhattan
Advised a foreign client on structuring a reverse 1031-exchange for the sale of $5M mixed-use property in Midtown Manhattan
Delaware Dynasty Trust to Purchase and Hold Investment Real Estate
Represented a foreign investor as co-counsel in connection with setting-up a Delaware Dynasty Trust for asset protection purposes and for purposes of purchasing and holding investment real estate in New York
Luxury Estate Lease in Greenwich, CT
Represented a member of a royal family as co-counsel in drafting and negotiating the lease for a residential property in Greenwich, CT