Peter M. Fass

The Internal Revenue Service Rules in Favor of Multi-Class REIT Structure with Deductible Offering Costs
Timothy W. Donovan,Peter M. Fass,Steven A. Fishman,Martin T. Hamilton,Stuart L. Rosow,Raj Tanden, July 28, 2011
In a private letter ruling (PLR) that we obtained on behalf of a client, the IRS extended rules applicable to open-end mutual funds (RICs) to a publicly registered, non-traded real estate investment trust (a REIT). The IRS held that: (1) the issuance of multiple classes of common stock that are...