The government recognized that REITs
need to compete so they basically said here's the opportunity to do just that with these services," said Les Loffman, national director of REIT
services for Ernst & Young.
Generally speaking, an Islamic REIT
is a collective investment scheme in real estate in which the tenants operate permissible activities according to the Sharia," explains Dr Aznan Hasan, member of the Sharia Advisory Council of Malaysia's Central Bank and member of the Sharia Advisory Council of the Securities Commission of Malaysia.
II will continue as the surviving entity and REIT
II's operating partnership will merge with and into REIT
I's operating partnership, with REIT
I's operating partnership continuing as the "surviving partnership".
Simply put, a REIT
is a business entity (corporation, LLC electing to be taxed as a corporation or business trust) that meets a series of requirements set forth in the Internal Revenue Code and has elected REIT
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
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.