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Commercial Leases and Other Real Estate Transactions Are Subject to National Security Review
A second wave of national security concerns hit real estate markets in the United States, following the first wave nearly 20 years ago in the wake of the September 11 terrorist attacks.
This time, the publication of rules focusing on real estate by the U.S. Department of the Treasury is the catalyst of national security reviews of certain leases, purchases, sales, joint ventures and other investments with non-U.S. parties.
Last year, the Treasury Department published rules in its capacity as chair the Committee on Foreign Investment in the United States (CFIUS or the Committee).
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