Nontraded REITs Must Survive on ‘Merit’ Under Fiduciary Rule

April 13, 2016

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Some senior housing non-traded real estate investment trusts (REITs) may have won a regulatory victory. After much anticipation, worry and outcry from industry, the Department of Labor (DOL) released its finalized version of its new fiduciary rule, with major changes that spell good news for REITs.

The rule has long been touted by the Obama administration as part of a push to increase retirement savings, transparency and financial accountability for Americans.

One of the most maddening parts of the proposed rule for many in the industry was a list of asset types—including non-traded REITs—that would have been restricted from retirement accounts. Under the new version of the rule, which was revealed earlier this month, non-traded REITs will still be subject to the fiduciary rule, though the list of asset types that were initially restricted has been eliminated.

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Second Annual Blue Vault Broker Dealer Educational Summit 2016
Broker Dealer Educational Summit 2016
April 14, 2016

The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.