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Shop Talk: A Conversation with Larry Varellas
Larry Varellas is national tax managing partner – real estate with Deloitte. Varellas has more than 27 years of experience serving real estate and construction clients. His practice focus has included inbound international investors/owners, hotel/resort owners, U.S. and foreign construction companies, real estate limited partnerships, and real estate investment trusts. Institutional Investing in Infrastructuresenior editor Drew Campbell spoke with Varellas about the burgeoning infrastructure REIT market.
What are the benefits of allowing REITs to own infrastructure assets?
Public REIT ownership would allow publicly traded, fractional ownership of infrastructure assets. This might be an effective vehicle for raising the capital required to help address our infrastructure needs. In concept, users of the infrastructure could, if they choose, own a portion of the asset. An individual could own part of the road they drive on everyday. This might, in pa