SEC Decision on Rule 144 Sales Will Save REITs Money, Lawyer Says

Michael McTiernan, a partner at Hogan Lovells LLP, joined for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

McTiernan discussed the Securities and Exchange Commission’s (SEC) recently released no-action letter that will allow holders of shares of a publicly traded REIT that they received in exchange for privately placed units of the REIT’s operating partnership to sell those shares under Rule 144 without having to start a new holding period.