A little over a week after the IRS released Revenue Procedure 2016-44 (the “Revenue Procedure”), it has been updated! The IRS recently (and covertly) updated Section 7 (“Date of Applicability”) of the Revenue Procedure. Following the update, the prior safe harbors established in Revenue Procedure 97-13, as modified by Notice 2014-67, can be applied to any management contract entered into before (and not materially modified after) August 18, 2017 (as opposed to February 18, 2017).
Here is a link to a prior blog post discussing the Revenue Procedure in detail.