On May 4, 2020, the IRS released Revenue Procedure 2020-19 that increased the mix of stock and cash for a publicly offered REIT’s and mutual fund’s distribution requirement from the 80%/20% permanently allowed in Revenue Procedure 2017-45 to 90%/10% for distributions on or after April 1, 2020 through Dec. 31, 2020. Nareit requested this temporary increase in a letter dated March 18, 2020 so that REITs would have the election to preserve liquidity during the current pandemic crisis.

Get Nareit Developments blog posts delivered straight to your inbox.


Subscribe to the Developments Blog