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Results: 1-4 of 4

Extension of stock dividend safe harbor for US REITs and RICs

  • Mayer Brown LLP
  • -
  • USA
  • -
  • February 3 2010

On December 23, 2009, the US Treasury Department published Revenue Procedure 2010-12 (the "Revenue Procedure"), extending to 2011 a safe harbor for certain stock distributions by publicly-traded real estate investment trusts (REITs) and regulated investment companies (RICs

Foreign investors in US real estate may benefit from proposed modifications to FIRPTA

  • Mayer Brown LLP
  • -
  • USA
  • -
  • February 16 2010

On January 27, 2010, US Representative Joseph Crowley, along with co-sponsors Representative Melissa Bean and Representative Patrick Tiberi, introduced H.R. 4539, the Real Estate Revitalization Act of 2010

Proposed legislation permits foreign shareholders to own increased percentage of domestic REITs without becoming subject to FIRPTA

  • Mayer Brown LLP
  • -
  • USA
  • -
  • August 13 2010

On July 30, 2010, the US House of Representatives passed H.R. 5901, the Real Estate Jobs and Investment Act of 2010, by a vote of 402 to 11

REITs provided safe harbors for modifying loans secured by distressed real estate

  • Mayer Brown LLP
  • -
  • USA
  • -
  • January 19 2011

On January 5, 2011, the US Treasury Department published Revenue Procedure 2011-16 (the "Revenue Procedure"), providing guidance to real estate investment trusts (REITs) engaged in transactions involving debt secured by real estate that has declined in value