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Late on Dec. 20 President Trump signed a major appropriations measure, the Further Consolidated Appropriations Act, 2020, or H.R. 1865, to fund the Federal Government through Fiscal Year 2020.

Nareit’s CEO Forum & Advocacy Day will take place Feb. 25-26, 2020 in Washington, D.C.

Nareit also attended 56 institutional investment conferences during the year.

The updated chart includes withholding rates for individuals, non-individual entities, pension trusts, and tax-exempt charities.

Member REITs can submit their IRS Form 1099-DIV data to Nareit for posting on the Nareit website.

Rep. Scott Peters (D-CA) visited the headquarters of Realty Income Corporation in San Diego. 

REIT has pledged $500,000 to Los Angeles’ Union Rescue Mission.

The grant will be used by Kauai Habitat for Humanity to build a self-help four-bedroom, two-bathroom home in Eleele, Kauai, for a low-income family.

The Bureau of Labor Statistics’ December jobs report, released on Friday, Jan. 10, shows a slowing job market at the end of 2019, says Calvin Schnure, Nareit’s senior vice president of research and economic analysis.

REITPAC continued a stretch of successful contribution years in 2019, with executives from 75 Nareit members contributing more than $1.2 million.

Several REIT-related tax bills were introduced in the Hawaii state legislature late last week.

Nareit is pleased to welcome BSR Real Estate Investment Trust and Fibra Educa as its newest corporate members.

Nareit also contributed to a joint trade association comment letter to the Federal Housing Finance Agency on uniform mortgage backed securities.

Nareit staff met with a diverse range of six organizations in the institutional investment market controlling $5.5 billion in assets.

Eight Nareit members in total were included on the 2020 Bloomberg list.

Kevin Brady (R-TX), the top Republican on the House Ways and Means Committee, mentioned the exploration of REIT investment in infrastructure at a hearing last week.