Real Estate Investment Trusts (REITs) are a vehicle to make investment in real estate attainable to the general public. REITs are a tax-efficient vehicle for making these elections. The Tax Cuts and Jobs Act made investment in REITs continue to be desirable investment vehicles. It also made some unfavorable law changes that impact Taxable REIT Subsidiaries (TRSs). This course provides an in-depth look at how TRSs are used in REIT structures to provide tenants services and operate businesses that a REIT may not. It is geared toward people who have a working knowledge of REITs.