REIT Summit features SGV Partners

SGV Tax Principal Veronica A. Santos (VAS) and Strategy and Transactions Partner Marie Stephanie Tan-Hamed (MTH) were among the speakers at the 4th APAC REIT Investment Summit 2020 on 28 October. The Summit featured discussions on the trends, challenges and opportunities of a Real Estate Investment Trust (REIT).

VAS presenting at the REIT Summit

VAS led a session titled Issues in Structuring the REIT and Preparing for IPO where she discussed transaction structuring steps and issues, and the REIT law timeline. She provided an overview of a REIT, including the parties involved, restrictions and related taxation. She also compared the REIT tax regime to the taxation of regular corporations.

MTH presenting at the REIT Summit

MTH then led a session on REIT structuring considerations, other than tax considerations, to present a holistic view of benefit analyses. She discussed the rationale for REITs and explained how REITs can increase cash flows and have a lower cost of capital. She then presented steps on how to prepare for a REIT, including the creation of a transaction framework evaluation and transaction team. She also spoke on the specific activities of a REIT conversion assessment and execution/implementation considerations.

Participants at the Summit included executives and representatives from the real estate, retail, banking and public sectors. The event’s organizing team included Assurance Partner Cyril B. Valencia (CBV).