(Bloomberg) Iron Mountain Inc. and Equinix Inc., two technology companies seeking to convert to real estate investment trusts, said the U.S. Internal Revenue Service is proceeding with work on evaluating their eligibility.
The IRS said yesterday that it will resume issuing rulings on the definition of real estate for purposes of REIT conversions, Iron Mountain said in a regulatory filing. The agency is “actively resuming work” on Equinix’s request and will respond in due course, that company said separately.
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