Real Estate Firms Face $4.6M in SEC Form Headaches Yearly
Published Date: 11/28/2025
Notice
Summary
The SEC is asking to keep using Form S-11, which real estate investment companies file once a year to share important info with investors. About 14 companies spend lots of time and money on this, including hiring experts who cost millions annually. You’ve got until December 29, 2025, to share your thoughts on this paperwork extension!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Form S-11 Paperwork Continues; Big Time and Cost Burden
About 14 real-estate issuers must continue filing Form S-11 once per year, and each filing is estimated to take 732.48 hours. The SEC estimates issuers will carry 25% of that time internally (totaling 2,564 hours annually) and hire outside professionals for the other 75% at $600 per hour, producing an estimated annual external cost burden of $4,614,624; comments are due by December 29, 2025.
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