Real Estate Investment Trust (REIT) Tax

We routinely advise our public and private REIT clients on tax rules particular to them—including the “gross income,” “asset,” and “distribution” REIT qualification requirements, the 100% excise tax on “prohibited transactions,” and the dividends-paid deduction—and help them structure their transactions and investments consistent with their business and investment objectives but in accordance with these rules.

We also advise our REIT clients on the effective use of “taxable REIT subsidiaries” and, particularly in the state and local tax area, “qualified REIT subsidiaries,” business trusts and other pass-through vehicles. We keep abreast of the latest tax developments impacting REITs to provide our REIT clients with up-to-date advice and to help them structure their transactions and investments proactively to account for these developments.