REISA Requests Extension of Comment Period to SEC SR 2014-006

Feb 14, 2014

REISA's Legislative & Regulatory Drafting Task Force has submitted a letter to the SEC, in anticipation of release in the Federal Register of SEC SR 2014-006, respectfully requesting an extension of the proposed limited comment period of 30 days to a minimum of 90 days.

The proposed rule change seeks to amend the provisions addressing per share estimated valuations for DPPs and REITs. However, due to the complexity of the issues in the release, REISA does not believe that a 30 day comment period provides sufficient time to respond in a complete and comprehensive manner. 

The request was prepared by REISA's Legislative & Regulatory Drafting Task Force, chaired by Darryl Steinhause of DLA Piper, and reviewed by the Legislative & Regulatory Committee's co-chairs, Deborah Froling of Arent Fox and John Grady of Realty Capital Securities. The letter was signed by REISA President Mark Kosanke of Concorde Financial Services.

The letter can be read in its entirety here.