“New IRS Rules and Related Guidance Add Flexibility in CMBS Market,” AFIRE News

Willys H. Schneider published an article on recent tax developments of interest to off-shore investors in U.S. mortgage-backed debt securities, including, in particular, distressed debt. The article appears in the newsletter of AFIRE (Association of Foreign Investors in U.S. Real Estate), a trade association that counts among its members many off-shore institutional real estate investors, including non-U.S. pension plans and sovereign wealth funds.