A Comparative Analysis of 2022 and 2023 SEC Comments Issued to REITs

Morrison Foerster’s REIT practice is a collaborative, integrated, multi-office practice involving capital markets, corporate, finance, M&A, investment management, real estate, tax, and other attorneys throughout the firm. Attorneys in the REIT practice area are actively involved in advising listed public REITs, non-listed public REITs, private REITs and REIT sponsors, contributors, investors, investment advisers, underwriters, and institutional lenders on all aspects of REIT activity. About Morrison Foerster Lauren Bellerjeau Partner Austin Emily Beers Of Counsel Washington, D.C. Justin Salon Partner Washington, D.C. Contributors Andrew Campbell Partner Washington, D.C. Alice Connaughton Partner Washington, D.C. Larry Medvinsky Partner New York Shane Shelley Partner San Diego Morrison & Foerster LLP has offices in California, Colorado, Florida, Massachusetts, New York, Texas, the District of Columbia, China (Shanghai), Belgium, and Germany. Affiliates include Morrison & Foerster (UK) LLP and MoFo Secretaries Limited in the United Kingdom; Morrison & Foerster (International) LLP in the United Kingdom, Germany, Belgium, China, Singapore, and Japan; Morrison & Foerster, a Hong Kong general partnership, MoFo China Corporate Services Limited, and MoFo China Notices Limited in the Hong Kong Special Administrative Region (SAR) of China; Morrison & Foerster Gaikokuho Jimu Bengoshi Jimusho, Morrison & Foerster Horitsu Jimusho, and Morrison & Foerster Asia Services, LLP in Japan; and Morrison & Foerster (Singapore) LLP, a Singapore limited liability partnership in Singapore. Any reference to “partner” means a member of Morrison & Foerster LLP or any of its affiliates. Legal services in the United Kingdom are provided exclusively by Morrison & Foerster (UK) LLP, legal services in Germany are provided exclusively by Morrison & Foerster LLP, and legal services in Hong Kong SAR are provided exclusively by Morrison & Foerster, a Hong Kong general partnership. Attorney Advertising. 15 | A Comparative Analysis of 2022 and 2023 SEC Comments Issued to REITs

RkJQdWJsaXNoZXIy NTU5OTQ5