Real Estate Investment Trusts – REITs

Real Estate Investment Trusts (REITs) have been in existence in the United States of America for the past several decades making there way into global market. REITs own income producing real estate and enjoy special tax status on confirming to certain stipulations. While the first REIT was established in 1960, the real impetus to the industry came after an amendment in the tax laws in 1986, conferring special tax status to REITs. REITs were also allowed greater freedom to operate and manage real estate, at around the same time….

Table of Contents

Executive Summary
I. Introduction
II. Objectives
III. Information Collection
IV. Proposed Chapter Scheme
I. What is a REIT?
II. History of REIT
III. What classifies a REIT?
IV. Types of REITs
V. Forming and Operating a REIT
VI. Making the Economic Case for the REITs
a. Micro Factors
b. Macro Factors
VII. What Type of Property is Most Suitable for a REIT?
Structuring the REIT Vehicle
I. Issues
a. Management Of the REIT
b. Management Of the Properties
c. Composition of Board of Trustees
d. Governance
e. Sponsors Involvement
f. Accounting and Reporting Issues
g. Legal and Administrative considerations
h. Regulatory Body Approvals
II. Real Estate Investment Trust REITs Structures
a. Traditional
c. Down REIT
d. Mutual Funds in Canada
e. Business and Non Business REIT
f. REIT Vs Corporate Structure
REIT Evaluation
I. Matters to consider before proceeding with a REIT Transaction
II. Key elements in evaluating a REIT
REIT Stock
I. Nature
II. Investing in Real Estate Investment Trusts (REITs)
III. REIT and Bonds
Global REIT – Real Estate Investment Trusts
I. Development
II. Outlook
Global REIT Comparisons
I. North America, Europe & Asia Pacific
II. Canadian vs. U.S. REITs
III. Special Focus: Asian REIT Regimes
IV. 10 Global Real Estate Trends to Watch
V. Lessons from US
REIT’s in India
I. Indian Real Estate Market
II. Indian Real Estate – Why has it caught everyone’s eye?
III. Challenges faced by Indian Real Estate
IV. Prospects and Opportunities of Real Estate investing in India
V. Rationale for REIT
VI. Is India ready for Real Estate Investment Trusts (REITs)?
VII. Mechanics of an Indian REIT regime….

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