2008-9

Type

PLR

Subject

11.04a - Lodging Facilities

Keywords

Taxable REIT Subsidiary

Ownership of Less than 35% Corporation Does Not Cause Operation of Lodging Facility

Year

2008

IRS Link

http://www.irs.gov/pub/irs-wd/0815026.pdf

Summary

A TRS is not viewed as operating a lodging facility or issuing franchises for the operation of such facility merely due to ownership of a less-than-35% interest in a corporation that operates, or issues franchises for, lodging facilities.

Title

200815026

Guidance Tags

PLR - 200815026

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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.

2008-9

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