1999-14

Type

PLR

Subject

2.08 - Gross Income Defined

2.08a - Generally

2.08b - Warrants

4.01a - Real Estate Assets

Keywords

Gross Income

Defined

Reimbursements (Not Gross Income)

Real Estate Asset

Timber

Reimbursements

Timberland REIT

Year

1999

IRS Link

http://www.irs.gov/pub/irs-wd/9927021.pdf

Summary

If § 631(b) governs the REIT’s timber cutting arrangements, the gross income derived from such transactions would not constitute income from a prohibited transaction.

Title

199927021

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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.

1999-14

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