Milton Cheng, partner and head of the Firm s REIT
practice in Hong Kong and China, and Andrew Lockhart, partner and co-head of the Firm's Hong Kong Banking & Finance practice, led the Baker & McKenzie team advising DB Trustees (Hong Kong) Limited, the trustee of Regal REIT
The glowing predications stand in stark comparison to those of recent years, which seemed to grow successively gloomier despite the REIT
industry's consistent double-digit returns.
According to a May report on REITs
in Asia from CB Richard Ellis, nearly a dozen more are expected to list later this year.
857(b)(5), the fraction's numerator is REIT
taxable income computed without regard to (1) the dividends-paid deduction (DPD); (2) the deduction for the Sec.
Reinforcing Lewis' view are the actions of Meditrust, the nation's largest health care REIT
is a publicly traded company fund with its assets in some form of real estate.
At least 75% of the income must be derived from real estate transactions, gains on other REIT
shares, real property tax refunds, gains from foreclosed property, rent from real property, interest on mortgages, gains from the sale or disposition of most real property or real property interests and qualified temporary investment interest.
We agree that the current REIT
"gold rush" will create opportunities to put good money into bad investments.
I and KBS REIT
II are non-traded REITs
, meaning they typically are not traded on a national securities exchange.
In addition, the equity market capitalization of publicly traded real estate companies not electing REIT
status contributed another $21.
Additionally, as a departure from the standard E&P rules, CGs within a REIT
retain their character on subsequent distribution to the shareholder.
Nursing home operators looking at REITs
as potential sources of financing need to consider carefully what the REIT
is likely to be looking for.