Why is Maryland such a popular state for incorporating REITs?

The answer appears to be that Maryland law treats REITs somewhat advantageously: > Maryland law plays a prominent role in the REIT marketplace. read more

Maryland law plays a prominent role in the REIT marketplace. With a statute facilitating the formation of REITs (Title 8 of the Corporations and Associations Article of the Maryland Code) and a judiciary that has developed a level of REIT specific expertise, most publicly-traded REITs are formed as trusts under the Maryland REIT Law or as Maryland corporations. read more

"Maryland really has the benefit of a long history, over 40 years, of REITs being formed under Maryland law," said James J. Hanks, a partner at Venable LLP who has written a 700-page book on Maryland corporate law and is known as a REIT authority. read more