Latest REIT Regulations Not As Broad As Some Had Hoped

By Andrew McIntyre (August 31, 2016, 9:55 PM EDT) -- The Internal Revenue Service earlier this week released a final version of rules pertaining to what constitutes real property for real estate investment trust purposes, and while lawyers say the latest guidance provides clarity on many common issues, the rules don't provide as broad a definition of real property as some groups had hoped.

The rules, first proposed in 2014 and finalized Tuesday, cover a wide range of nontraditional real estate assets such as copper wiring and data centers and are intended to provide clarity on what can and can't be real property for REIT purposes.

The solar industry, in particular,...

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