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real estate investment trust |
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real estate investment trust n. nick-named REIT, a real estate investment organization which finds investors and buys real property and gives each investor either a percentage interest in the property itself or an interest in a loan secured by a mortgage or deed of trust on the property. Usually the loan is used to develop the property and build upon it, and then there is a division of profits upon sale---if there is a profit. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Zief, JD, CPA, has joined The Schonbraun McCann Group (SMG), as a principal and senior director of REIT Tax Services. The REIT legislation was intended to provide substantially the same tax treatment for REITs that existed for regulated investment companies (RICs). Local investment bankers, lawyers, accountants and real estate groups involved in the structuring, sales and issuance of REIT securities insisted the market is just taking a breather and will make a comeback in 1994, despite even the major earthquake that hit the Los Angeles area on Jan. |
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