Analysis: Housing bill changes rules for REITs

08/5/2008 | Mondaq (free registration)

The housing bill passed by Congress and signed into law by President George W. Bush last week "significantly" revamps rules affecting REITs, according to an analysis by Thomas A. Humphreys and Donald Lee from the law firm of Morrison & Foerster. The American Housing Rescue and Foreclosure Prevention Act of 2008 "clarifies certain rules for REIT qualification, increases the permissible size of REIT investments in taxable REIT subsidiaries and relaxes the REIT safe harbor for dealer sales," Humphreys and Lee write.

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