2012-37

Type

PLR

Keywords

Actively Engaged in Trade or Business of Operating Qualified Health Care Properties

Eligible Independent Contractor

Health Care Facility

Taxable REIT Subsidiary

Assisted Living Facility

Health Care Facility

Independent Living Facility

Year

2012

IRS Link

http://www.irs.gov/pub/irs-wd/1250019.pdf

Tax Report Link

TaxReport2012-37

Summary

Mixed use communities are qualified health care properties

Title

201250019

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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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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.

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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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