2012-28

Type

PLR

Subject

4.01a - Real Estate Assets

Keywords

Asset Tests

75% Asset Test

Year

2012

IRS Link

http://www.irs.gov/pub/irs-wd/1236006.pdf

Tax Report Link

TaxReport2012-28

Summary

Fair value of assets, rather than GAAP, used for 75% real estate asset test.

Title

201236006

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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.

2012-28

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