Venable partners Sharon Kroupa and Patsy McGowan were quoted in a December 19, 2014 Law360 article on increased REIT activity. Earlier this year, the Internal Revenue Service (IRS) proposed new regulations expanding the definition of real property. This resulted in many companies separating specific assets of their businesses into real estate investment trusts (REITs).
"Activity seems to be heating up as we approach the end of the year," said Kroupa. "Many of our REIT clients accessed the public debt markets in 2014."
"I think the number and type of companies that will conduct spinoffs will continue to grow as the definition of real estate assets expands," added McGowan. "And as more companies seek to unlock the value of their real estate assets."