Kathy Miller, SVP, tax, at Regency Centers Corp. (Nasdaq: REG), participated in a video interview in conjunction with Nareit’s REITwise: 2023 Law, Accounting & Finance Conference held March 21-23 in Phoenix, Arizona.
Miller commented on how the tax function has evolved at Regency. “Change has primarily been driven by the change in the organizational structure at Regency,” she said. When Regency first went public, it was a small REIT operating in the Southeast. Over time, Regency has converted to an UPREIT and has also instituted a joint venture partner program with institutional investors. That has increased Regency’s compliance load and the need to coordinate with partners and provide information for outsiders, she noted.
Miller also spoke about the benefits of a career in real estate tax. “It’s a great way to get stared in the industry,” she said. In addition, Miller commented on the role that shopping centers play in bringing local neighborhoods together.