Huge impacts in the economy for those involved in REIT'S That means Real Estate Investment Trust.
This made National News and is worth noting;
Article written by Mark Heschmeyer;"Under pressure to reconsider some tax loopholes, the IRS -- and Congress -- have both launched recent attempts to define - or literally, re-define -- what exactly constitutes real estate assets for purposes of of qualifying as a real estate investment trust (REIT) under the tax code. The results of those efforts could affirm or undo a host of tax advantages for existing REITS and block the efforts of several companies seeking to reorganize as REITs."
Article reported by Costar a commercial site that has a news update.