Reprinted with permission from the May 1, 2023 issue of Tax Notes State. ©2023 Tax Analysts. Further duplication without permission is prohibited. All rights reserved.

In this report, Aresh Homayoun argues that in light of securities laws and other safeguards to protect the rights of shareholders, there is no justifiable policy reason to subject private real estate investment trusts to the preferential dividend rule, which Congress first enacted in 1936 and continues to be a significant obstacle in the REIT industry.

Click here to read the full article in Tax Notes State.

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