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Operational Tax Issues for REITs
When: March 25, 2026
Location: Hollywood, FL
 

Nareit REITwise Conference

People: Sarah D. Wellings

Sarah Wellings spoke on a panel discussion titled "Operational Tax Issues for REITs" at the Nareit REITwise Conference in Hollywood, Florida, on March 25, 2026. Sullivan was also a sponsor of the conference.

Sarah's program focused on essential daily tax complexities that govern REIT compliance and strategy, providing a practical review of best practices for using a Taxable REIT Subsidiary (TRS), such as asset transfers, non-customary services, renting property, and intercompany arrangements. Panelists also addressed potential pitfalls, including prohibited transactions, and explore technologies that enhance REIT testing and compliance accuracy. Discussion topics included:

  • Understanding TRS best practices and strategies.
  • Learning about transfer pricing considerations for related-party transactions.
  • Gaining insights into the Prohibited Transactions Safe Harbor.
  • Exploring modern technologies used for streamlined REIT testing and compliance.

Panelists included:

  • Sarah Wellings, Partner, Sullivan & Worcester LLP 
  • Carlos E. Garcell, Senior Tax Manager, REIT, Iron Mountain 
  • Sharon Liu, Principal, KPMG
  • Sarah Ralph, Principal, EY 
  • Julanne Allen, Principal, PwC