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.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-16936, Eagle Point Credit Management LLC and Eagle Point Trinity Senior Secured Lending Company
2026-16951, Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule Regarding Certain Free Trials
Cboe C2 Exchange is changing its free trial offer for certain market data. Instead of letting users pick any six months of past data, everyone will get the same fixed six-month period from July to December 2022. This update starts right away and helps keep things simple for traders and data users.
Previous / Next Documents
Previous: 2025-21387, Center for Scientific Review; Notice of Closed Meetings
The Center for Scientific Review is holding a closed virtual meeting on January 22, 2026, to review important grant applications about liver and toxin research. These meetings keep sensitive info private to protect ideas and personal details. Scientists applying for grants and the NIH community are the main players, with no new costs or deadlines announced.
Next: 2025-21389, Agency Information Collection Activities; Comment Request; Extension: Rule 18f-1 and Form N-18f-1
The SEC is extending the paperwork rules for certain investment funds that choose to pay investors in cash instead of shares. Fewer funds are filing the required form, so the total time spent on this paperwork dropped from 12 to 8 hours a year. If you’re involved with these funds, you can comment on the rules until December 29, 2025, but there’s no extra cost involved.