Tax issues

Capital One Securities’ Chris Lucas says transactions should be more focused on public to private, with more cash buyouts this year.

CFO John Isakson said working on the report helped the REIT coalesce efforts across departments that were already in place.

EY’s Chris Johnston says despite the COVID environment, more than $125 billion of new debt and equity was raised.

EVP Matt Jordan says the REIT has tripled its assets over the past 10 years.

Venable’s Jim Hanks said boards should have a rights plan to prepare for hostile tender offers; and a classified board to prepare for a hostile proxy contest.

Khalid Husain of Cohen & Steers says investors want to understand how companies are using scenario analysis and decarbonization pathways as part of their overall ESG strategy.

American Campus Communities’ Ryan Dennison said lower fees make the all-in costs to raise capital lower for at-the-market offerings.

Morgan Stanley’s Laurel Durkay said that significant dry powder and the value discrepancy between the public and private markets were major factors spurring transactions in 2021.

Duke Realty’s Ann Colussi Dee also said that with a “seasoned workforce,” a segment of REIT employees has retired during the pandemic.

Deloitte’s John D’Angelo also says REITs are reviewing their hiring practices in wake of “great resignation.”

Wachtell, Lipton, Rosen & Katz Partner Adam Emmerich said following a difficult 2020, the intensity and diversity of transactions was surprising.

Sidley Austin’s Sonia Barros said the SEC has an aggressive agenda proposing rules that will significantly change disclosure requirements for public companies.