image credit: Unsplash

Malls tout proposed changes to REIT rules as good for retailers

April 1, 2021


More retailers could end up in the coffers of their mall landlords if a bill introduced in the U.S. House of Representatives last month gains any traction. Proposed changes to the idiosyncratic rules governing publicly traded real estate investment trusts (REITs), which have bipartisan support, are being touted as good for retailers, though so far the backers are mostly landlords and their industry groups.

The spare text of the legislation belies how radically it would change REIT tax rules. Those are already complex and entail a host of limitations about their operations, though in return is a nice trade-off: REITs are also largely tax-exempt.

Read More on Retail Dive