CNSREIT-AR-2024 Final - Flipbook - Page 93
In recent years, there has been increased regulatory enforcement activity and rulemaking impacting the financial
services industry. Under the prior U.S. presidential administration, including at the SEC and certain other regulatory
bodies, policy changes could have imposed additional costs on us and our investments, required significant attention of
senior management or resulted in limitations on the manner in which we conduct business. We cannot predict at this time
whether and the extent to which the current U.S. presidential administration and newly-appointed senior officials at the
SEC and other federal agencies will pursue these or other policy changes. In addition, uncertainty regarding legislation and
regulations affecting the financial services industry or taxation could also adversely impact our business or the business of
our tenants.
Additionally, any changes to or repeal of the laws and regulations governing our operations relating to permitted
investments may cause us to alter our investment strategy to avail ourselves of new or different opportunities. Such
changes could result in material differences to our strategy and may result in our investment focus shifting from the areas
of expertise of the Adviser to other types of investments in which the Adviser may have less expertise or little or no
experience. Thus, any such changes, if they occur, could have a material adverse effect on our financial condition and
results of operations and the value of a stockholder9s investment.
Item 1B. Unresolved Staff Comments
None.
Item 1C. Cybersecurity
Risk Management and Strategy
We are externally managed by the Advisor, a subsidiary of Cohen & Steers. Representatives of the Company and the
Advisor operate the Company9s business through Cohen & Steers9 information systems. Our business depends on the
effectiveness of our and Cohen & Steers9 information and cybersecurity policies and procedures to protect our and Cohen
& Steers9 network and telecommunications systems and the data that reside in or are transmitted through such systems.
Cybersecurity is a crucial component of our risk management program and of Cohen & Steers9 enterprise risk
management program. Cohen & Steers has implemented and maintains various information security processes designed to
identify, assess and manage material risks from cybersecurity threats to its critical computer networks, third-party hosted
services, communications systems, hardware and software and critical data, including intellectual property, confidential
information that is proprietary, strategic or competitive in nature and information relating to Advisor clients and
investments.
Cohen & Steers9 cybersecurity risk management function is led by its Cybersecurity Management team which is
composed of its Chief Information Security Officer (
