U.S. Rep. Alexandria Ocasio-Cortez is taking aim at real estate investment trusts that seek to use federal aid to pay out shareholder dividends. The progressive superstar, who just won a primary challenge in her New York City congressional district, criticized industry trade group Nareit for lobbying congress to allow REITs to use federal aid to pay dividends. “It is unconscionable that during a moment of national, unprecedented economic hardship federal dollars would be used to
source https://therealdeal.com/2020/07/15/aoc-blasts-hospitality-reits-for-seeking-federal-aid-to-pay-dividends/
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