Phil Jelsma Jelsma: “Not every real estate sector will benefit equally under the tax overhaul, which provides benefits to some real estate business and detriments to others.”

SAN DIEGO—The Tax Cut and Jobs Act is comprehensive and far reaching, with many provisions directly impacting the commercial real estate industry, Phil Jelsma, a partner and chair of the tax practice team at Crosbie Gliner Schiffman Southard & Swanson LLC, tells We recently spoke with Jelsma about how the legislation affects CRE businesses. Now, we speak with him about the specifics of the legislation and its potential impact on the real estate economy, investments and developments.