Farer: Environmental legislation REITs should watch

04/18/2013 | REIT.com

There has been significant activity at the state and local level in environmental legislation, some of it pertinent to REITs, according to David Farer, chairman of the environmental department with Greenbaum Rowe Smith & Davis. "I think REITs will be seeing some new restrictions on the ability to commence development and also some potential significant increases in cost for coping with the new rules in developments that are already in the works," he said.

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