Tax Issues

Morgan Stanley’s Laurel Durkay said that significant dry powder and the value discrepancy between the public and private markets were major factors spurring transactions in 2021.

Duke Realty’s Ann Colussi Dee also said that with a “seasoned workforce,” a segment of REIT employees has retired during the pandemic.

Deloitte’s John D’Angelo also says REITs are reviewing their hiring practices in wake of “great resignation.”

Wachtell, Lipton, Rosen & Katz Partner Adam Emmerich said following a difficult 2020, the intensity and diversity of transactions was surprising.

Sidley Austin’s Sonia Barros said the SEC has an aggressive agenda proposing rules that will significantly change disclosure requirements for public companies.

Ron Bohlert says the New York Stock Exchange’s new Sustainability Advisory Council will bring together select sustainability professionals across its community of 2,400 listed companies.

The three-day conference focused on legal, financial, tax, and accounting issues for REITs.

Sidley Austin’s Sonia Barros says REITs are facing increased pressure on some ESG issues.

Mayer Brown’s Remmelt Reigersman discusses how the 20% deduction for qualified business income and lowering of corporate income tax rates will impact REITs.

PwC’s Julanne Allen says the IRS has taken a view that income for the use or occupancy of space can often qualify as rent.