VERY specific question seeking a remedy.

I would like to acquire a commercial warehouse in California that is currently paid off and in a trust. They want to get rid of it and it's been on the market for a year. They're asking double for what fair market value is. Because they're motivated to dump the property they'll probably go for fmv or comps.

Question is:
Is there a way to give the owners a tax deduction (or something similar) in either a lump sum or spread out over several years in exchange for donating the property to my Holding Co?

Would either party get hit with major cap gains?
[{"id": "e61gfmd", "text": "Talk to a tax attorney. ", "replies": [{"id": "e61i4wm", "text": "Thanks!", "replies": [], "depth": 2}], "depth": 1}, {"id": "e61gie5", "text": "To truly help the seller, I would approach a CPA (focused on real estate investments) with this question. They will be able to give more options and solutions to your approach. ", "replies": [{"id": "e61i4bb", "text": "Thank you!", "replies": [], "depth": 2}], "depth": 1}, {"id": "e624zk3", "text": "Are you asking if they can donate the their land to your holding co and get a write off for their asking price of the land?", "replies": [{"id": "e628vy9", "text": "Correct. A donation to a holding company or a nonprofit or something better. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "e62oa11", "text": "They can definitely donate to a nonprofit and have a fight with the IRS over fmv.  \n\nBut I think you would have a hard time getting your holding co to qualify.  It\u2019s a good thought but the short answer is you can\u2019t do what I think you are wanting to do. \n\n", "replies": [{"id": "e6383d8", "text": "You say \"qualify\". What is instead I had the property donated to s non profit or a Cali benefit Corp.  I know there is a way to do it, just prob need to talk to a cre tax pro &amp; an attorney.", "replies": [], "depth": 2}], "depth": 1}, {"id": "e644qk0", "text": "Yes they can donate it to a non profit. But where do you fit in to the transaction?", "replies": [{"id": "e6706sv", "text": "As either the investor and/or the trust beneficiary, since it will almost immediately go into a REIT or other living trust.", "replies": [{"id": "e68mbp5", "text": "Then it wouldn\u2019t be a donation....", "replies": [{"id": "e68tlfd", "text": "What if the real property donation is made to a land trust that is under the umbrella of a non-profit holding Co.?", "replies": [{"id": "e6av04n", "text": "Yes they could do that.  But you don\u2019t have a land trust under this arrangement right?", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e6bk4uu", "text": "Not yet, but once the property is acquired if I'd create one for the real property.\n\nIs that the proper order or is there a better way to relieve then off the property? (Some type of Creative financing is my best bet)\n\nShould it go:\n\nHolding Co. ---&gt; REAL ESTATE financing LLC ---&gt; Land Trust?", "replies": [], "depth": 1}]