In Law360, Jennifer Romig Discusses Health Care Transactions State Legislation Impacting Real Estate Investment Trusts

In The News
June 6, 2025

In a Law360 article, health care partner Jennifer Romig examined proposed, pending and passed state legislation that would impact how real estate investment trusts (REITs) can invest in health care real estate.

For example, a proposal in Pennsylvania, HB 1460, would require additional review of health care facility transactions structured as leaseback agreements, a structure commonly used by REITs. It also gives the state attorney general oversight of sales or leases of health care facilities to private equity and real estate investment trusts.

Jennifer explained that in 2025 some states proposed broad health care transaction laws and stringent approval requirements. Over time, the bills were scaled back to mostly focus on disclosure and transparency, rather than restricting investment outright.