"Treasury Department Finalizes Definition of Real Property for Real Estate Investment Trusts (REITs)"

Yesterday morning, the Treasury Department finalized regulations defining real property for a real estate investment trust (a REIT).  The final regulations did not accept most of the comments that were received, so the final regulations are quite similar to the proposed regulations (which in turn were intended to reflect ruling practice), though some provisions were tightened or clarified.

This Stroock Special Bulletin discusses a few of the significant changes from the proposed regulations.