1998-18

Type

PLR

Subject

4.01a - Real Estate Assets

Keywords

Term Permits under National Forest Ski Area Permit Act

Year

1998

Summary

"Term permits" granted to a REIT under the National Forest Ski Area Permit Act of 1986 qualify as "interests in real property" under § 856(c)(5)(C).

Title

9843020

Guidance Tags

PLR - 9843020

Referenced By

N/A

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What's a REIT?

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.

Why Invest in REITs

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.

About Nareit

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.

1998-18

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