Charleston School of Law faculty is rated Top 10 in the nation by The Princeton Review for “student accessibility” and “quality of teaching.” In addition, our faculty is renowned for their scholarship. Here is the latest news for March 2025:
Here is the abstract:
One rationale for the creation of the Real Estate Investment Trust (REIT) Act of 1960 was the democratization of real estate investment, providing smaller investors with opportunities to participate in the commercial real estate (CRE) market. This paper critically examines the extent to which the statute has achieved its goal, focusing on four key areas of impact. Firstly, it explores how REITs have influenced property acquisition costs for small business owners, often making it more expensive for them to purchase property. Secondly, the paper analyzes the limitations faced by purchasers of REIT products, particularly the lack of leverage advantages that are typically available to direct real estate investors. Thirdly, the paper investigates the effect of REITs on the pricing dynamics for first-time CRE investors, highlighting the inflationary pressures exerted by REITs on property prices. Finally, the paper delves into the ownership structure of REITs, revealing that the ownership structure rules disproportionately contribute to the wealth of a few individuals, undermining the original rationale provided for the REIT Act. Through a comprehensive analysis of these factors, this paper provides a nuanced understanding of the successes and, more importantly, the shortcomings of the REIT Act in achieving its original objectives, and offers solutions to realign the REIT Act with those objectives.
Charleston School of Law will be closed for business on Monday, January 19 in recognition of Martin Luther King Jr. Day.
Charleston School of Law offers pro bono training and an information session in January and February.
