The Internal Revenue Service (“IRS”) released proposed regulations (REG-100442-22) (“Proposed Regulations”) that provide guidance on how indirect ownership is taken into account for purposes of determining whether a real estate investment trust (“REIT”) is “domestically controlled.” The Proposed Regulations also address the tax treatment of certain sovereign investing entities and modify the definition of “controlled commercial entity” under Section 892 of the Internal Revenue Code. The rules are particularly important for the real estate […]

In an economy that has spent the last two years saddled with the impact of a global pandemic, rising inflation, and higher interest rates, the commercial real estate market has been no stranger to reconciling with new realities. Ohio and the region have experienced an increase in receivership cases, a common theme virtually throughout the Midwest. More recently, examples of receivership cases in Cleveland may help to color regional trends. The growing popularity of […]