The Supreme Court of the United States has granted a writ of certiorari to review a decision of the United States Court of Appeals for the Tenth Circuit holding that the citizenship of a Maryland Title 8 trust REIT, Americold Realty Trust, must be determined by reference to the citizenship of its shareholders (rather than its jurisdiction/s of formation and headquarters, as is the case for corporations), which in the case of a widely-held Title 8 trust REIT would effectively mean that the REIT would likely be a citizen of all 50 states for purposes of determining whether a federal court has diversity-of-citizenship jurisdiction. A Brief for the National Association of Real Estate Investment Trusts as amicus curiae supporting reversal was filed last month with the Court and it refers to a recent article of mine on the substantial similarity between Maryland Title 8 trust REITs and Maryland corporations.

The Court has set the case down for argument on January 19.