IRS' new REIT conversion working group could delay transactions

06/10/2013 | CoStar Group

The Internal Revenue Service's increased scrutiny of REIT conversion proposals could delay some of these transactions, such as those of Iron Mountain and Equinix. Both companies were notified by the IRS that it had formed a new internal "working group" to study the legal definition of "real estate" that can qualify as a REIT under the tax code.

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