Minta KayA whole range of industries around the world are quite and perhaps wearily so, familiar with the EU's General Data Protection Regulation. These companies are in financial services, the legal industry, the technology sector and the advertising space among many others. Commercial real estate however? Perhaps not so much. That is because the main points of this very complex European legislation focus on Europeans' privacy, consumers' rights over their data and such concepts as the right to be forgotten. It also addresses the export of personal data outside the EU. Any company dealing with a resident of these countries — such as a US company with European clients — is subject to this law, which went into effect in May of 2018. It is not, in other words, the type of legislation that would appear to have a great affect the owner of US offices or apartments.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
