Don't Fear The REIT Conversion Boom

Law360, New York (April 15, 2013, 7:29 PM EDT) -- Investors are increasingly voicing concerns about the growing number of nontraditional real estate companies converting to real estate investment trusts, but legal experts say that while regulators have their eyes on the trend, they'll likely keep their hands off the well-established REIT code for the foreseeable future.

Major private equity real estate investors, including Pershing Square Capital Management LP and Blackstone Group LP, have expressed concern that regulators will crack down harder on the REIT industry and introduce new restrictions if the trend continues, since spinning...
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