1980s During this time there is a proliferation of real estate tax-sheltered partnerships that raise billions of dollars in private placements. REITs find it hard to compete for capital since they were (and still are) structured so that tax losses cannot be "passed through" to REIT shareholders.

Nareit - Capital
Timeline Year
Brightcove Video
Caption Text
Watch a video with Bill King, a former partner with Goodwin Procter, discussing the market landscape in the 1980s.