Real estate investment trusts (REITs) have long been considered to be tax-efficient vehicles for foreign investments in U.S. real estate. Recently, the Obama administration and members of Congress have issued various legislative proposals that encourage private infrastructure investment. These proposals are intended to attract foreign capital to the U.S. real estate market by reducing existing tax barriers to investment, primarily under the Foreign Investment in Real Property Tax Act of 1980 (commonly known as FIRPTA).
Many (but not all) of these reforms could enhance the value of REITs as vehicles for foreign investment in the United States. However, since REITs are subject to complex rules related to income, assets, share ownership, and distribution of income, they can represent challenges to adopters and investors.
In this 2-hour live webcast, our panel of key thought leaders and practitioners will offer insight with respect to the latest and significant issues surrounding foreign investment in U.S. real estate through REITs.
Please contact John Napoli for details.