The Tax Cuts and Jobs Act (“TCJA”), which was signed into law on December 22, 2017, made some of the most significant changes to the tax law since the Tax Reform Act of 1986.

The OBBBA has wide-ranging implications for the real estate market. Here are 10 things every real estate investor should know about the OBBBA.

On July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law. Among many changes, the OBBB included an expansion of the qualified small business stock (“QSBS”) gain exclusion under Section 1202 of the Internal Revenue Code.

On June 27, 2025, the Supreme Court issued its decision on review of three federal court orders that have blocked—on a nationwide basis—implementation of President Trump’s executive order restricting so-called “birthright citizenship” under the Fourteenth Amendment of the Constitution (whereby a child born in the United States “and subject to the jurisdiction thereof” is automatically deemed a citizen regardless of parental status).

On June 5, 2025, the Supreme Court issued a unanimous decision in Ames v. Ohio Department of Youth Services, striking down the “background circumstances” requirement in so-called “reverse discrimination” cases.

With summer officially here, students across the country are beginning internships, eager to gain experience and make their mark.

Rent-ready credits are helpful when a buyer is acquiring a stabilized multifamily property and wants to control the unit turnover process. Offering this credit early in a transaction can ease concerns about vacancy rates and unit condition, which can reduce low purchase offers from cautious buyers.

The construction industry is already particularly impacted by the volatility of tariff rates, product exemptions and affected countries, which seem to shift almost daily.

After months of uncertainty over what aspect of employer DEI (or diversity, equity and inclusion) policies could be discriminatory, the U.S. Equal Employment Opportunity Commission (EEOC) and the Department of Justice (DOJ) issued informal guidance outlining the agencies’ positions.

The new administration is making headlines with its intense focus on immigration-related matters. Recent Executive Orders have notably expanded the ability of the Department of Homeland Security and its affiliated agencies to investigate, apprehend and detain illegal aliens in the United States – including enhanced authorization for state and local law enforcement to perform the functions of federal immigration officers in the United States.