While the legislation overall is considered a mixed bag by the banking and real estate industries, tax provisions of the budget reconciliation legislation that Congress was expected to pass by Aug. 5-6 contains provisions called a win-win for real estate-related investments and investors.

The provisions will treat real estate professionals the same as other business professionals under so-called "passive loss rules," facilitate debt workouts and restructurings, remove obstacles to prudent pension investment in real estate and encourage affordable housing availability.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.