2005-01

Type

PLR

Subject

1.05a - Generally

Keywords

Five-or-Fewer Rule

Year

2005

IRS Link

http://www.irs.gov/pub/irs-wd/0507004.pdf

Summary

§ 501(c)(3) organization is not a "person."

Title

200507004

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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.

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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.

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