Conservation easements have historically been a popular investment vehicle for high earners looking to generate offsets to taxable income. Recent changes to the tax code have curtailed use of conservation easements, but continued to incentivize the preservation of historic buildings.

Steve Austin, co-founder and partner at American Revitalization Company, joins Michael to discuss how his firm is pursuing a unique strategy that incorporates historic preservation tax incentives, ESOPs, and 1042 exchanges.