1967-353

Type

Subject

1.01 - Management by Trustees or Directors

Keywords

Administrative Functions (Including Hiring and Supervision of Contractors; Obtaining Permits; Addressing Zoning Laws; Reviewing Plans; Ordering Materials)

Year

1967

IRS Link

http://www.taxlinks.com/rulings/1967/revrul67-353.htm

Summary

Trustees may make decisions and negotiate contracts with respect to the construction of an office building on land owned by the REIT without adversely affecting its qualification.

Title

67-353, 1967-2 C.B. 252

Guidance Tags

Rev Rul - 67-353, 1967-2 C.B. 252

Referenced By

PLR 201431018

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.

1967-353

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