Nov. 27, 2018 - Rep. Richard Neal (D-MA) spoke to a group of REIT executives at a New England Council event in Boston co-hosted by American Tower (NYSE: AMT) and Iron Mountain (NYSE: IRM). Nareit and the New England Council recently worked with American Tower and other REITs active in the region to produce The Economic Impact of REITs in New England, a 28-page informational piece. The booklet was distributed to all event participants to help tell the economic story of REITs on a regional basis.
Congressman Neal heard from representatives from several REITs, including American Tower, Iron Mountain, Boston Properties (NYSE: BXP), and Federal Realty Investment Trust (NYSE: FRT) about the economic impact that REITs have in New England. Across the six New England states, there are more than 13,000 REIT-owned properties representing $94 billion in gross assets. Rep. Neal, the incoming chairman of the House Ways & Means Committee, offered his views on the legislative priorities in the 116th Congress.
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