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Email Richard Nugent comments in The Wall Street Journal on new Treasury regulations that further limit the ability of corporations to form REITs by requiring companies to recognize built-in gain in certain assets transferred to a REIT within 10 years of a spinoff. The new regulations broaden the December 2015 PATH Act, which imposed significant restrictions on many REIT spinoffs. https://www.cadwalader.com/news/recent-press/irs-shuts-down-remaining-channels-for-reit-spinoffs