INSIGHTS
Analysis of the 15 REIT M&A transactions announce from May 2022 through August 2023.
Analysis of the 30 public REITs launched in 2009 and 2010 that included a blind pool component.
A review of disclosure obligations that may apply to public REITs engaged in real estate transactions.
Analysis of the 42 REIT transactions announced from August 1, 2020 to May 30, 2022.
In February 2022, the SEC proposed amendments designed to modernize the rules governing beneficial ownership reporting. If adopted as proposed, the newly-expanded scope of beneficial ownership could materially disrupt the application of the charter ownership limitation provisions in REIT charters, particularly for those REITs whose charters incorporate the securities laws “group” concept in determining aggregate ownership percentages.
Analysis of the 15 REIT M&A transactions that were announced from January 2019 through March 15, 2021.
On January 7, 2021, the U.S. Treasury Department and IRS released final regulations under Section 1061 of the Internal Revenue Code of 1986. The Final Regulations address the three-year holding period requirement under Section 1061 in order for holders of certain “carried interests” to qualify for preferential capital gains tax rates.
This alert looks briefly at the history of NAV REITs, some of the features of NAV REITs currently in the market, and potential new features to improve upon the structure that may be implemented in the future, particularly with respect to the liquidity feature that is central to its appeal to a wide range of investors.
Contacts
- /en/people/s/santucci-ettore
Ettore A. Santucci
PartnerCo-Chair of Debt Capital Markets, Co-Chair of REITs and Real Estate M&A - /en/people/k/kranz-yoel
Yoel Kranz
PartnerCo-Chair of REITs and Real Estate M&A