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Gina Tan, senior vice president of taxes at Kilroy Realty Corporation (NYSE: KRC), participated in a video interview during Nareit’s REITwise: 2024 Law, Accounting & Finance Conference held March 19-21 in Hollywood, Fla.

Tan discussed the challenges and innovations within the realm of the real estate tax function, shedding light on the evolving landscape of the industry.

Navigating the requirement for REITs to distribute at least 90% of taxable income as dividends annually, Tan emphasized the importance of staying connected across business units and making sure that the tax department is always aware of major transactions.

Tan also underscored the role of technology, particularly artificial intelligence, in transforming the tax function.

“Automation has been huge [and] now we have machine learning in the mix,” she said, highlighting the potential for AI to streamline data processing and empower decision making in the industry.