Report: Simon Property, Brookfield offer to buy Kohl’s for more than $8.6B

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4 thoughts on “Report: Simon Property, Brookfield offer to buy Kohl’s for more than $8.6B

  1. REITs have a legal limit on non-real estate income. If they exceed the limit, they can lose their REIT tax treatment. Kohl’s is large enough that it could cause a real problem. I wonder if Simon, will sooner rather than later, spin / sell off non-real estate assets.

    1. It is only 75%, though. So should not be an issue to be added into the portoflio and all their property values getting added into the REIT portion of the calculation

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