Budget Deal Contains Disappointment for CRE


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Real Estate Roundtable CEO Jeff DeBoer

WASHINGTON, DC—By most measures the budget and debt ceiling deal tentatively reached between Congressional leaders and the White House is a relief. Assuming it passes — which is still something of an uncertainty — there will be no government shut down; there will be no catastrophic breach of the debt ceiling.

One provision of the bill, however, is a partial disappointment to the commercial real estate industry. It includes a measure that makes it easier for the Internal Revenue Service to audit partnerships, including private equity and hedge funds.

Congress has been considering such a measure for several months; it was not a surprise. Indeed, organizations such as the Real Estate Roundtable had been lobbying for alternative provisions to replace some of the more draconian parts of the original draft…

Budget Deal Contains Disappointment for CRE

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