The SEC’s New Disclosure Regime For Real Estate Acquisitions – A User’s Guide For REITs

The Securities and Exchange Commission (the “SEC”) recently adopted amendments to Regulation S-X and related rules and forms that will streamline and reduce the financial statements required to be filed in connection with significant business acquisitions by all SEC registrants.1 As part of these amendments, the SEC overhauled Rule 3-14 of Regulation S-X, which applies to acquisitions of real estate operations and is therefore of critical importance to real estate investment trusts (“REITs”). Overall, the […]

By | Nov 28, 2021 ||

Keeping Real Estate On Ground: Are Government Measures Sufficient?

Coronavirus has infected lakhs of people and likewise, the land business is not saved. In a crisis, resources and revenues drain faster than expenses. As a result, developers are taking a defensive stance in launching new housing projects.

Resource and income fall faster than expenditures in a crisis. As a result, developers take a defensive approach to the implementation of new housing projects. The slow-balisation of economies under COVID-19 pretext has immobilized citizens, frozen funds […]

By | Nov 26, 2021 ||

The CRA’s Pursuit Of Real Estate Data Goes South Of The Border

Canadian residents pay income tax on their worldwide income. In an effort to crack down on unreported offshore income, the Canada Revenue Agency (the “CRA”) recently announced that it will start a cross-border investigation in the United States.

The investigation will look through the past six years’ worth of real estate transactions, from 2014 to 2020, in search of any American “real estate and real property data where a Canadian resident is the owner or […]

By | Nov 24, 2021 ||