Power of REITs

Power of REITs

People Corporate & Sovereign Strategy

Roberto Ordorica What is a REIT? Real Estate Investment Trusts were created in 1960 as a tax-efficient corporate structure for the US property market, but it wasn't until the early 1990s that the market capitalization of REITs exploded, largely because real estate investors could replace and restructure their existing investment vehicles into REITs and defer capital gains taxes.  The introduction of the Umbrella Partnership REIT (UPREIT) in 1992 allowed, for the first time, the roll up of private real estate partnerships without triggering capital gains taxes for the selling parties. REITs could use UPREIT shares as cu

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