The Inflation Reduction Act (the “IRA”) is a historic piece of legislation that includes approximately $369bn of funding for a number of strategies to reduce carbon emissions and combat climate change. Although it may be tempting to assume that the IRA is only relevant for the energy and manufacturing sectors, there is plenty in the IRA relevant to the commercial real estate industry as well. In fact, there are some key tax incentives that can benefit property owners and developers, all while...By: Hogan Lovells.