The professionals at RSPG have significant real estate investment trust (REIT) experience. A REIT is a company that owns, and in most cases, operates income-producing real estate and elects to qualify with the United States Internal Revenue Service (IRS) and Securities and Exchange Commission (SEC) as a REIT.
Generally, to qualify as a REIT, a company must have the majority of its assets and income tied to real estate investments and must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends. A company that qualifies as a REIT is permitted to deduct the dividends paid to its shareholders from its corporate taxable income. Taxes are paid by shareholders on the dividends received and any capital gains. REIT’s, unlike partnerships, cannot pass tax losses through to its investors.
REIT’s can be very lucrative but also require unique and special understanding of both tax and securities rules. RSPG’s team of professionals have the knowledge and understanding to advise both existing REIT’s as well as entities seeking to determine if they qualify as a REIT.
RSPG areas of focus include the following asset classes:
- Industrial/Commercial Office
- Health Care