NAREIT Expresses Concerns Regarding Proposed Section 385 Regulations

NAREIT sent comments to the IRS on July 7 expressing its concerns with section 385 regulations proposed by the Obama administration.

Specifically, the proposed regulations would recharacterize certain debt instruments as equity.

NAREIT outlined numerous reservations about the proposed regulations, including the “uniquely harsh impact” that they might have on REITs and their tax status.

(Contact: Dara Bernstein at dbernstein@nareit.com)

Get Nareit Developments blog posts delivered straight to your inbox.

Subscribe

The Nareit Developments section on reit.com provides updates of Nareit's activities and key events impacting the REIT and commercial real estate industry. Nareit is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Please see our Terms of Use.