1315_REITwise_Kelly Xu_2022-04-01_v3
04/04/2022 | by Nareit Staff

Kelly Xu, tax director at Brandywine Realty Trust (NYSE:BDN), participated in a video interview during REITwise 2022: Nareit's Law, Accounting & Finance Conference held in Orlando, Florida on March 23-25.

Xu discussed prohibited transactions, both in terms of how to control the process from an early stage and what to do if a transaction is outside the prohibited transactions safe harbor. She stressed that “it’s very important that you have a good culture from the top and you have C-suite members [who are] very educated in the tax area because when they do a capital market transaction, they have your tax [issues] in mind and involve you very early [on].”

During the interview Xu also commented on state incentives and credits and how they fit into REIT gross income tests. She also addressed key points tax directors must consider in the process of managing state and local tax compliance and exposure.