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Real Estate

Jul. 1, 2003

Stay Public or Go Private?

BY SCOTT FARB Part of the Sarbanes-Oxley Act of 2002, Section 404, ups the ante on financial reporting internal controls that must be in place by mid-2004. The section, along with other provisions of the act, will significantly increase the cost of staying public, especially for smaller public real estate companies.

BY SCOTT FARB

Part of the Sarbanes-Oxley Act of 2002, Section 404, ups the ante on financial reporting internal controls that must be in place by mid-2004. The section, along with other provisions of the act, will significantly increase the cost of staying public, especially for smaller public real estate companies.

On May 27, the Securities and Exchange Commission extended the deadline to comply with Section 404 from the end of 2003 to June 2004. Smaller c...

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