REITs and RICs

Our lawyers are broadly experienced in all aspects of the taxation of REITs and their shareholders, including the corporate taxation and partnership taxation aspects of REIT formations, operations, mergers, acquisitions and financings. We advise equity REITs, mortgage REITs, publicly-traded REITs, privately-held REITs and their foreign (including sovereign) and domestic shareholders. Our ability to serve our REIT clients stems from our years of practice with every type of REIT, including those focusing on office, hotel, resort, residential, retail, mall, outlet, health care and industrial properties.

Our RIC tax lawyers counsel fund investment advisers and board members responsible for hundreds of open-end and closed-end regulated investment companies. Because we are retained not only as fund counsel, but also as counsel to the independent directors or to the advisers of families of funds, we are experienced with an array of traditional and non-traditional RIC structures, including master-feeder and fund-of-funds arrangements, as well as multiple-class shares and auction-market preferred shares. We have advised clients on special tax considerations arising from RIC investments, such as foreign securities and municipal obligations, and on fund transactions, including fund organization, reorganizations and mergers, and fund liquidations.

• Final Treasury Regulations Address Tax Treatment of Partnership Debt-for-Partnership Interest Exchanges
  November 18, 2011
• Proposed IRS Regulations Would Clarify Existing U.S. Federal Income Tax Rules Applicable to Foreign Governments’ Investment into the United States
  November 3, 2011

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• The Administration’s Financial Regulatory Reform Proposals
  September 2009