December 1999 As part of the Ticket to Work and Work Incentives Improvement Act of 1999, President Clinton signs into law provisions of the REIT Modernization Act of 1999. Among other items is the ability of a REIT to form one or more taxable REIT subsidiaries (TRS) that can perform services to REIT tenants and others.

Read more about the REIT Modernization Act.

Nareit - TRS
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Brightcove Video
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Watch a video with Kimco Realty Chairman Milton Cooper and Ventas Chairman, President and CEO Debra Cafaro, both past NAREIT chairs, discussing the REIT Modernization Act.