September 16, 2013

Jim Hanks offers advice to prospective REITs in REIT Wrap newsletter

1 min

The August 14, 2013 edition of the REIT Wrap newsletter offered advice to prospective REITs from Venable partner Jim Hanks. The newsletter cited a 2011 interview Hanks gave to NAREIT in which he advises REITs to think beyond their IPO plans.

“It is very important that companies think about how they want their company to look from a corporate governance perspective after the closing of the IPO,” Hanks said in the 2011 interview. “There are a lot of features that people will say that [a] company should or should not have to get the IPO done, but after the IPO is over the company may be exposed to hostile activity in the corporate control market.”