John Napoli and Blake Hornick Quoted in Directorship Magazine
"Becoming More Active Managers and Overseers"

Seyfarth's Real Estate practice round table on the issues facing directors of real estate investment trusts was covered in the January/February issue of the National Association of Corporate Directors magazine, Directorship.

Moderated by Seyfarth co-managing partner of the firm's New York office and Chair of the firm's national Tax practice John Napoli and included Seyfarth partner Blake Hornick, the panel examined the current state of REITs, the impact of Dodd-Frank on the funds, and the unusual challenges the funds face in today's marketplace.

"If you go back and number of years, Hornick says, "REITs were supposed to be a nice, stable dividend, a chance for capital appreciation--a sort of a hybrid if you will between bonds and a pure equity play. Well, the world has now turned upside down and shareholders want more equity appreciation because interest rates are so low, but what you need to do to increase the stock price may require an investment that might lower your dividend yield."

Click here to read the full article.