KPMG report - Closely held REITs and related tenant determinations  

November 19: Concentrated ownership of a real estate investment trust (REIT) may increase the risk of violating the REIT “related tenant” restriction.

This KPMG report cautions REITs to exercise ordinary business care and prudence in monitoring compliance with this rule, and provides examples that help illustrate the complexity of the ownership attribution rules for determining the existence of a tenant related to a REIT when the REIT is owned by a small group of investors.


Read a November 2013 report [PDF 381 KB] prepared by KPMG LLP: What’s News in Tax: Closely Held REIT and Related Tenant Determination—Getting to Know Your Partners or Shareholders




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