Companies in industries that don't ordinarily have REITs should still consider converting to a REIT structure, says David Levy, tax partner with the law firm Skadden, Arps, Slate, Meagher & Flom. The REIT sector is evolving, he says, and now consists of a diverse group of companies with various business models. "If markets hold up, if the economy holds up, we will see a lot of transactions and REIT conversions," he said. "If not this year, then at the end of this year and early next year."
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