News Type: Roundtable Weekly

In Remembrance of September 11

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As our nation marks the 25th anniversary of the September 11 attacks, The Real Estate Roundtable remembers the nearly 3,000 lives lost, the families and communities forever changed, and the first responders, public servants, and countless Americans who responded with extraordinary courage and selflessness. We will never forget.

Tax Policy Roundup: Community Revitalization, Opportunity Zones, Foreign Investment, and Judicial Developments

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As Congress returns to Washington, The Real Estate Roundtable (RER) is working to advance several tax policy initiatives aimed at expanding housing supply, revitalizing communities, and removing barriers to capital formation for real estate investment.

Tax Policies to Support Community Revitalization

  • On August 30, RER’s Tax Policy Advisory Committee (TPAC) Chairman Joshua Parker published an op-ed in The Hill newspaper setting forth a three-part framework for how lawmakers should think about potential tax policies to support community revitalization. (The Hill, Aug. 30)
  • “Preserve buildings that can serve again,” wrote Parker. “Convert those that can meet a new need. Clear those that cannot and require the land to be rebuilt.”
  • Parker’s op-ed outlines three actionable tax changes advocated by RER to advance this framework: (1) reforming the tax treatment of demolition costs, including the lost tax basis when a building is torn down; (2) strengthening the historic tax credit, and (3) incentivizing commercial-to-residential conversions through the bipartisan Revitalizing Downtowns and Main Streets Act (H.R. 2410).

Opportunity Zones

  • RER is continuing to encourage Treasury and the IRS to move forward with transitional tax guidance that will provide much-needed clarity to Opportunity Zone (OZ) investors pursuing new housing and other real estate projects that straddle the pre- and post-2025 OZ statutory regimes.
  • IRS Notice 2026-40, released in June, embraced several RER recommendations and clarified certain key issues for taxpayers with OZ projects in expiring census tracts. (Roundtable Weekly, June 26)
  • RER followed up the Notice with additional suggestions, and met virtually with Treasury and IRS staff, along with other stakeholders, on Aug. 27. Formal proposed regulations from Treasury are expected before the end of the year. (Letter, July 29 | Roundtable Weekly, July 31)
  • This week, Treasury and the IRS issued proposed regulations implementing new reporting requirements for Qualified Opportunity Funds and Qualified Opportunity Zone Businesses. (PoliticoPro, Sept. 10)

FIRPTA and Tax Barriers to Foreign Investment in US Real Estate

FIRPTA
  • RER is finalizing a request to Treasury to revoke outdated administrative guidance (IRS Notice 2007-55) that creates unnecessary hurdles and tax burdens for foreign investors seeking to deploy capital in US real estate.
  • Notice 2007-55 treats REIT liquidating distributions as a sale of real property rather than the sale of stock, thus subjecting the transactions to tax under FIRPTA. The Notice also treats REIT distributions as ineligible for the section 892 foreign government tax exemption.
  • RER believes the Notice’s conclusions were incorrect at the time, and more recent events strongly favor its repeal.
  • These include changes in the FIRPTA statute since the Notice was issued, growth in the importance of foreign capital to U.S. real estate jobs and investment, and the corrosive effect of 20 year-old sub-regulatory guidance that has never been subject to the formal rulemaking process.

SECA Limited Partner Exception

  • On Aug. 12, the Fifth Circuit withdrew its January opinion in Sirius Solutions and issued a substitute opinion holding that the self-employment tax exception applies to a limited partner who plays “no significant role in managing or running a business.” (JD Supra, Sept. 9)
  • The new standard is a step back from the court’s earlier ruling, which based eligibility on limited liability and state-law limited partner status. However, the court again rejected the Tax Court’s stricter “passive investor” test and remanded the case for further consideration. (Grant Thornton, Aug. 17)
  • RER has filed amicus briefs supporting taxpayers in Sirius and two related appeals—Denham Capital in the First Circuit and Soroban Capital Partners in the Second Circuit. (Roundtable Weekly, Jan. 30 | Feb. 13)

RER will continue engaging with Congress, Treasury, and the IRS to advocate for clear, effective tax rules that expand access to capital, encourage investment and redevelopment, and support long-term economic growth.

Data Centers, Grid Reliability and Building Standards Draw Increased Attention Ahead of Midterms

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Energy issues are front and center in Washington, D.C., and the states in the weeks leading up to the midterm elections. Rising electricity costs, rapid data center development, and evolving AI technologies are fueling debates over grid reliability, infrastructure investment, tax policy, and job impacts.

State of Play

  • The House is expected to vote next week on the bipartisan Ratepayer Protection Act, which would require technology companies to cover energy infrastructure costs associated with their data centers rather than pass them on to consumers. (Axios | Politico, Sept. 10)
  • The North American Electric Reliability Corporation (NERC) is developing reliability standards for large “computational loads,” including data centers and cryptocurrency facilities. (NERC Project 2026-02)
  • The proposed standards address data-center interconnections, grid-impact studies and modeling, information sharing and records of disturbances such as sudden load losses or voltage drops. (Roundtable Weekly, July 17 | 24 | Aug. 7)

Why It Matters

  • As federal policies evolve, regulators must distinguish between data-center ownership and operations. Requirements should track which parties control facility operations, possess relevant data, and are responsible for managing grid impacts due to intensive “computational loads” from activities like cloud computing, AI modeling, and crypto mining.
  • NERC’s imminent data center owner and operator rules should also respect leasing arrangements at these facilities. Hyperscalers and other AI tenants in leased spaces should have affirmative obligations to share relevant data, such as their electricity usage and water consumption, with facility owners that may have reporting obligations.

Data Center Tax Proposals

  • Senate Finance Committee Ranking Member Ron Wyden (D-OR) recently released a framework that restricts Opportunity Zone (OZ) investments and bonus depreciation for new data centers, changes the treatment of certain data-center rents under the REIT rules, and establishes a federal excise tax on operators’ gross receipts. (Senate Finance Committee, Aug. 6 | Roundtable Weekly, Aug. 7 | GlobeSt. Sept. 8)
  • A recent Bipartisan Policy Center analysis outlined significant questions surrounding proposals to tax AI, including which activities should be taxed, who would ultimately bear the cost, and whether new taxes could discourage investment or innovation. (Bipartisan Policy Center, Aug. 24)
  • A separate Cato Institute analysis warned that an excise tax based on revenue rather than profits could impose especially high effective tax rates on lower-margin data-center operators and discourage new development. (Cato Institute, Sept. 3)
  • RER Advocacy: RER’s Tax Policy Advisory Committee is preparing comments on the Wyden framework. Maintaining the owner-operator distinction is critical to preventing provisions aimed at hyperscalers from penalizing real estate owners that do not control facility operations.

Data Centers & CRE By the Numbers

  • A new National Association of Realtors report found that 50% of surveyed agents with a data center in their market reported higher nearby commercial property values, while 42% cited increased demand for commercial space. Industrial properties saw the strongest gains in interest at 58%. (CoStar | Housing Wire, Sept. 9)
  • Recent reports from JLL and CBRE found that North American data-center demand reached record levels in the first half of 2026, doubling from the previous year and increasing fivefold from the same period in 2024. (BisNow, Sept. 3)

California Building Performance Standards (BPS)

  • On Aug. 18, RER submitted comments to the California Energy Commission on its strategy for developing future statewide building performance standards. (RER Letter, Aug. 18)
  • RER also coordinated with the California Business Properties Association and California Building Industry Association to align its recommendations with a broader coalition letter joined by AHLA, BOMA International, CREDA, ICSC and Nareit. (Coalition Letter, Aug. 18)

What’s Next

RER will continue working with policymakers and industry partners to advance reliable and affordable energy supplies, efficient buildings, and clear rules that recognize the distinct responsibilities of data-center owners and operators.

DOE, EPA Release ENERGY STAR Transition Plan

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The Department of Energy (DOE) and Environmental Protection Agency (EPA) released a detailed plan outlining how DOE will assume leadership and core operations of the federal ENERGY STAR program. The transition is expected to be completed by July 2027, with continued congressional oversight. (ENERGY STAR Transition Plan, Aug. 28)

ENERGY STAR Transition

  • The plan details the steps DOE will take to assume ownership of the ENERGY STAR trademark, lead the program, and oversee its core operations. (Utility Dive, Sept. 4)
  • DOE is expected to host ENERGY STAR’s information technology portfolio—including Portfolio Manager and related datasets—once the transition is complete by July 2027. (Government Market News, Sept. 7)
  • The plan also calls for ENERGY STAR appropriations to be transferred from EPA to DOE as needed to financially support the program.
  • Congress provided approximately $33 million for ENERGY STAR through EPA in the FY 2026 appropriations law, preserving the program’s funding through Sept. 30.
  • The transition plan calls for DOE to leverage the expertise of existing EPA staff and contractors while recruiting personnel to support ENERGY STAR’s essential functions. (ENERGY STAR Transition Plan, Aug. 28)

ENERGY STAR by the Numbers

  • More than 2,100 non-data center buildings have earned ENERGY STAR certification so far in 2026.
  • ENERGY STAR has helped families and businesses save more than $500 billion in energy costs since 1992.

Roundtable View

Tony Malkin (Chairman and CEO, Empire State Realty Trust, Inc.), chair of The Roundtable’s Sustainability Policy Advisory (SPAC) Committee.
Anthony Malkin (Chairman and CEO, Empire State Realty Trust, Inc.)
  • The transition plan aligns with RER’s policy priority to maintain and evolve ENERGY STAR as a voluntary federal program and continue building the industry’s relationship with DOE’s implementation team.
  • “It has been a privilege for RER to be involved in the discussions around transition of ENERGY STAR from the EPA to the DOE. RER has productively partnered with the Agency and the Department on a number of issues, and we are fortunate that ENERGY STAR, a critical program for our industry, has found a logical home to provide us with a credible, voluntary, global framework to measure building performance, reduce wasted energy, and improve profitability,” said RER Sustainability Policy Advisory Committee Chair Anthony Malkin (Chairman and CEO, Empire State Realty Trust, Inc.).
  • Malkin continued, “ENERGY STAR’s continued success depends on the expertise and reliable data available that is fully housed at the DOE.  ENERGY STAR’s Portfolio Manager is a unique tool that provides our industry with the most widely used software to measure and quantify building performance. The DOE’s stewardship will allow ENERGY STAR to evolve alongside the market and continue to provide owners, tenants, and investors with its immensely valuable objective metrics.”
  • “This plan provides a clear roadmap for DOE to assume responsibility for ENERGY STAR while maintaining Congress’s oversight of the program,” said RER President and CEO Jeffrey DeBoer. “RER will continue working with DOE, the House and the Senate to support adequate funding, retain essential expertise, and ensure a smooth transition that strengthens America’s energy and global economic competitiveness.”

RER and its coalition partners will continue working with DOE, Congress, and other stakeholders to support the program and help ensure a smooth transition

Q3 Sentiment Index Shows Healthier Conditions, Persistent Capital Challenges

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The Real Estate Roundtable’s (RER) Q3 2026 Sentiment Index registered an overall score of 63, unchanged from the previous quarter, as improving property fundamentals and strong debt liquidity were offset by persistent challenges raising equity capital and subdued transaction activity. (Q3 2026 Report)

Topline Findings

The Q3 Sentiment Index topline findings include:

  • The Q3 2026 Index registered an overall score of 63, unchanged from the previous quarter. The Current Index rose 2 points to 63, while the Future Index declined 1 point to 63. (Q3 2026 Report)
  • Operating conditions are healthier, but the recovery remains uneven. Improving leasing fundamentals, abundant debt capital, and the stabilization of post-pandemic disruptions are supporting the market. However, fundraising remains challenging, transaction volume remains below desired levels, and investors continue to navigate valuation resets and geopolitical uncertainty.
  • Sentiment varies sharply by asset class. Data centers are the clear leader, supported by AI-driven demand, capital inflows, supply constraints, and strong fundamentals. Retail has improved, benefiting from limited new supply and durable demand. Industrial and logistics remain attractive, though enthusiasm has cooled from pandemic highs. Multifamily is more mixed, with long-term demand offset by oversupply and affordability pressures in some markets. Office remains highly bifurcated, as trophy assets and markets gain traction while weaker markets lag.
  • Asset values show signs of stabilization. 45% of respondents said values are relatively unchanged from one year ago, 43% said they are higher, and 12% said they have declined. Looking ahead, 49% expect values to rise, 50% expect them to remain stable, and only 1% anticipate a decline.
  • Equity capital remains selective. 25% of respondents said availability is worse than one year ago, 35% said it has improved, and 40% said it is unchanged. Half expect equity availability to improve over the next year.
  • Debt capital remains widely available. 63% said debt availability has improved from one year ago, while 36% said it is unchanged and only 1% said it has worsened. Looking ahead, 29% expect debt availability to improve further.

Roundtable View

  • RER President and CEO Jeffrey DeBoer said, “Commercial real estate fundamentals are improving, supported by stronger leasing, healthier debt markets, and greater stability in asset values. However, limited equity capital and high costs continue to constrain transactions and development.”
  • DeBoer added, “Data centers continue to outperform other property sectors, as AI reshapes commercial real estate and drives unprecedented demand for reliable, affordable energy. Policymakers must ensure that energy infrastructure, permitting, tax, and regulatory policies keep pace with this growth. A coordinated approach that expands power generation and transmission, modernizes the grid, and preserves a stable investment environment will help support data center development while protecting ratepayers and meeting the needs of communities and the broader economy.”

RER’s Q3 survey was conducted in July by Chicago-based Ferguson Partners. The Q4 survey will be sent out to members in October.

Roundtable Weekly Will Resume Publication on September 11, 2026

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The Roundtable’s policy news digest will resume publication on Friday, September 11, 2026.

Recent issues of Roundtable Weekly can be searched by keyword here.

Senate Proposal Would Impose Tax Penalties on Data Centers

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Senate Finance Committee Ranking Member Ron Wyden (D-OR) on Thursday unveiled a white paper that proposes the elimination of several federal incentives for new data center investment and a new excise tax on data center operations. (Senate Finance Committee Press Release| Politico, Aug. 6)

Data Center Tax Proposal

  • Sen. Wyden’s proposal would prohibit Opportunity Zone funds from investing in new data centers, subject capital assets used to build and supply data centers to longer cost recovery periods than assets used for other purposes, and effectively deny investors’ ability to participate in new data center investment through REITs. (White Paper, Aug. 6)
  • The proposal would also impose a gross receipts excise tax on U.S. data center operators. (White Paper, Aug. 6)
  • The white paper cites the current construction boom as evidence that the changes are justified, while stating the proposal “will not end data center development or put at risk the U.S. maintaining its status as the global leader in AI and other innovative technologies.” (PoliticoPro, Aug. 7)
  • While Sen. Wyden’s statement describes the tax provisions as removing “existing investment incentives,” in actuality the changes would create discriminatory tax penalties that expressly exclude data centers from general, long-standing rules that apply broadly to other forms of capital investment.
  • U.S. data center construction has quadrupled over the past four years, according to the white paper, which also cites roughly $700 billion in projected spending this year. Revenue from the proposed tax changes would be directed toward workers and communities affected by AI-driven economic disruption (White Paper | NOTUS, Aug. 6)
  • Sen. Wyden is seeking comments on the framework through Aug. 31 and expects to release legislative discussion draft language this fall. (AI Weekly, Aug. 7)

Why It Matters

  • Data center development is increasingly connected to a broader infrastructure ecosystem. A recent Academy Securities report identifies the federal Enhanced Use Lease (EUL) program as an emerging catalyst for digital infrastructure and domestic supply chains, noting that the Army, Air Force, and Department of Energy have increasingly used the program to facilitate data center development on underutilized government land. (July 29)
  • The model also leverages private capital for infrastructure development. The private-sector lessees under EUL arrangements bear the costs of financing, designing, building, operating, and securing facilities—illustrating the role private investment can play in meeting growing infrastructure needs.
  • With energy demand surging, real estate is an important partner in supporting energy investment, increasing efficiency, and delivering energy savings across the economy.
  • Meanwhile, in mid-August, the North American Electric Reliability Corp. (NERC) is expected to issue federal registration requirements and grid reliability standards for owners and operators of data centers. NERC’s imminent proposed standards could result in the first federal-level regulations on data centers. (Roundtable Weekly, July 17 | 24)

Permitting Reform

  • Bipartisan Senate permitting negotiations will continue beyond the August recess, with Sens. Shelley Moore Capito (R-WV), Sheldon Whitehouse (D-RI), Mike Lee (R-UT), and Martin Heinrich (D-NM) now targeting September for a potential agreement. Negotiators report progress, though significant issues remain over transmission, renewable energy projects, and historic preservation reviews. (E&E News, Aug. 5)

The House and Senate are scheduled to return to Washington on Sept. 14, leaving a narrow legislative window to advance permitting reform and other priorities before the midterm elections.

RER Recommends Reforms to DOE’s Methods for Cost-Effective Energy Codes

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Workers on sustainable energy project on rooftop of building

The Real Estate Roundtable submitted comments this week in response to the U.S. Department of Energy (DOE) request for information on its methodology for evaluating the consumer costs and benefits of residential and commercial building energy codes. (Letter, July 31)

Building Codes and Affordability

  • Under federal law, DOE is required to assess the cost-effectiveness of recurring updates to “model” building energy codes – such as ASHRAE Standard 90.1 for new commercial construction and major renovations. Each update to the standard brings requirements for more stringent efficiency levels – with higher costs.
  • RER’s comments recognize the important role energy codes play in improving building efficiency, resilience and occupant comfort. (Letter, July 31)
  • The comments also encourage DOE to put more emphasis on consumer “affordability” because its decades-long analysis periods obscure more direct and immediate costs of compliance—borne by families and businesses—with ever more stringent energy codes. 

Why It Matters

  • Commercial owners, developers, and investors pay upfront costs for code compliance when a building is constructed. Yet, projected utility savings may accrue decades later—often to future owners or tenants, not to the businesses making initial investments.
  • RER’s recommendations would provide a more accurate picture of how code requirements affect project feasibility, housing affordability and investment decisions across markets and property types.

RER’s Recommendations

  • Realistic payback periods: DOE’s current 30- and 40-year lifecycle method makes code updates appear cost-effective, because energy savings are stretched over very long periods. RER recommends that DOE also publish results over 3-, 5-, 10-, 15- and 20-year periods—to reflect common practices in commercial ownership duration, loan maturity terms, and building capital expenditure budgeting. (Letter, July 31)
  • Market-based financing assumptions: The letter urges DOE to use multiple discount rates reflecting the different costs of construction loans, permanent mortgages, mezzanine debt and equity—not a single, “one-size-fits-all” rate.
  • Upfront and regional costs: DOE should account for lengthy federal depreciation periods, as well as regional differences in labor, materials, permitting expenses and energy prices that can significantly affect whether a project remains financially viable.
  • Greater transparency: RER recommends a publicly available database detailing the market costs, data sources, electricity-price forecasts and assumptions used in DOE’s analyses. The agency should also test modeled energy savings against actual building data from ENERGY STAR Portfolio Manager and DOE’s Building Performance Database.
  • Cumulative regulatory burdens: DOE should consider how other regulations, including rent restrictions, can limit multifamily owners’ ability to finance and recover the costs of energy-efficiency investments.
  • Consistent treatment of building standards: DOE should apply the same affordability and cost-effectiveness methodology to state, local, and model Building Performance Standards that receive federal funding or technical support.

The Real Estate Roundtable (RER) and its Sustainability Policy Advisory Committee (SPAC) will continue working with DOE and industry stakeholders to ensure building energy code analyses reflect real-world costs, financing practices and affordability impacts for commercial and multifamily buildings.

RER, CIAT Urge Senate to Advance Long-Term TRIA Reauthorization

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The Real Estate Roundtable (RER), the Coalition to Insure Against Terrorism (CIAT), and a broad group of business organizations urged congressional leaders this week to include a seven-year extension of the Terrorism Risk Insurance Program (TRIA) in any must-pass legislation considered this year. (Letter, July 29)

Coalition Letter

  • The coalition called for action on the bipartisan Senate Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395), warning that waiting until the final year of TRIA’s authorization would create uncertainty for insurers and policyholders that are already negotiating policies extending beyond the program’s Dec. 31, 2027 expiration. (Roundtable Weekly, July 17)
  • The letter emphasized that maintaining the current framework is critical to ensuring insurers of all sizes remain in the market, and sufficient capacity is available for businesses seeking terrorism coverage. (Letter, July 29)
  • TRIA remains a critical public-private partnership that helps ensure terrorism insurance coverage remains available and affordable for commercial businesses, educational institutions, nonprofit organizations, and other policyholders. (Letter, July 29)

State of Play

  • Last month, the House voted 373-15 to pass the bipartisan TRIA Program Reauthorization Act of 2026 (H.R. 7128), which would extend the program through 2034. The bill would also raise the minimum loss threshold from $5 million to $10 million beginning in 2029 and establish a 90-day timeframe for Treasury certification decisions. (PoliticoPro, June 29 | Legis1, July 1)
  • The Senate’s seven-year reauthorization bill (S. 4395) has garnered more than 30 bipartisan cosponsors. Both the House and Senate proposals maintain TRIA’s existing structure, which the coalition emphasized is critical to keeping insurers of all sizes in the market and preserving sufficient coverage capacity. (Roundtable Weekly, May 1)

Why It Matters

  • TRIA has provided stability to terrorism insurance markets since its enactment following the Sept. 11 attacks, helping businesses, property owners, lenders, and insurers manage risks that the private market cannot fully absorb. (Roundtable Weekly, Sept. 19)
  • Since 2002, the program has served as a public-private risk-sharing mechanism that helps maintain the availability of terrorism insurance at virtually no cost to taxpayers.
  • A 2026 Treasury Department report warned that allowing TRIA to expire—or even lapse temporarily—could disrupt insurance markets, affect unrelated lines of coverage, and delay projects in critical sectors. (Letter, July 29)
  • The letter also cited federal assessments of evolving threats to critical infrastructure, including real estate.

Roundtable Advocacy

  • RER, which co-chairs CIAT, has consistently urged Congress to act well ahead of TRIA’s Dec. 31, 2027 expiration.

RER and its industry partners will continue to urge Senate leaders to include TRIA on any must-pass legislation this year.

Fed Holds Rates Steady as Inflation Risks Persist

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The Federal Reserve held its benchmark interest rate steady at 3.50-3.75 percent for a fifth consecutive meeting on Wednesday, with three officials dissenting in favor of a quarter-point hike. Chair Kevin Warsh said inflation remains above the Fed’s 2 percent target, partly reflecting energy-related supply shocks, and reaffirmed the Committee’s commitment to restoring price stability.

Fed’s Decision

  • The Federal Open Market Committee (FOMC) voted 9-3 to hold rates steady. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan preferred a 25-basis-point increase. It was the first time since 2016 that three officials dissented in favor of the same policy action. (Federal Reserve, July 29; CNN, July 29)
  • The policy statement was nearly unchanged from June, citing solid economic growth, strong productivity and investment, stable labor conditions and inflation that remains above the Fed’s 2 percent goal. (Federal Reserve, July 29; Opening Statement, July 29)
  • Chair Warsh said Treasury yields had risen materially since June, with some of the increases ranking among the largest of the past two decades. (Opening Statement, July 29; Watch Press Conference)
  • He described the Committee’s stance as “watchful thinking, not watchful waiting.” He said higher interest rates could be part of the solution if inflation remains elevated, while stopping short of signaling a specific September move. (Federal Reserve Calendar; Wall Street Journal Transcript, July 29)

Housing and CRE

  • The decision provides near-term stability in short-term rates, but many CRE financing costs remain tied to longer-term yields. The 10-year Treasury yield was about 4.66 percent Wednesday afternoon, while the average 30-year fixed mortgage rate was about 6.6 percent for the week ending July 23. (Wall Street Journal, July 29; USA Today, July 29)
  • Chair Warsh said AI-related investment is growing nearly 20 percent, a trend that could support continued demand for data centers and related infrastructure development.(Opening Statement, July 29)
  • Major banks are selectively returning to CRE lending. Bank of America, U.S. Bancorp, PNC and Truist reported year-over-year CRE loan growth ranging from more than 8 percent to about 25 percent, concentrated in multifamily housing, industrial, and data-center projects. While banks see attractive growth opportunities, office exposure continues to be approached cautiously. (Wall Street Journal, July 23)
  • The Fed’s next meeting on Sept. 15-16 will provide updated economic projections and a clearer indication of whether the growing internal divide is moving the Committee closer to a rate increase.

Policy Outlook

  • RER President and CEO Jeffrey DeBoer and SVP and Counsel Duane Desiderio joined Real Estate Executive Council (REEC) CEO Ken McIntyre for REEC’s monthly virtual town hall with members on the policy landscape in Washington, what CRE can expect in the coming months and RER’s advocacy priorities.

The discussion also covered housing affordability, electricity demand and emerging data center legislation, as well as RER’s efforts during negotiations over the 21st Century ROAD to Housing Act to remove the unconstitutional forced-sale provision that could have set a damaging precedent for other property types.