Seth Klarman on Leadership

Explosion of REITs sparks debate about tax loopholes

An increasing number of companies ranging from cell phone tower operators to private prison management firms are avoiding taxes by converting to real estate investment trusts, according to a story in the Wall Street Journal.

The Wall Street Journal reports that cellphone tower operator American Tower Corp. (AMT) will save more than $400 million a year over the next five years in taxes...

Prisons to Data Centers Expand Ranks of Tax-Saving REITs

American Tower Corp. (AMT)’s stock has climbed 21 percent since it converted to a real estate investment trust at the beginning of the year, making it the second-biggest REIT in the U.S. Unlike most REITs...

Interview with Ryan J. Morris