Changes to the EB-5 visa program — which recently received an extension until September 2016 — and to rules for real estate investment trust spinoffs are among the areas of law that real estate lawyers will have their eyes on in 2016.
Add to that modifications of the Foreign Investment in Real Property Tax Act and a new law that could impose income tax liability on limited liability company members at the partnership level, and you have the potential for significant impacts on U.S. commercial real estate, lawyers say.
Here are the areas of real estate legislation lawyers should watch in 2016.
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Robert J. Ivanhoe of Greenberg Traurig LLP said FIRPTA is one of many areas of real estate law he's watching for next year.