- In general, a REIT is an entity that combines the capital of many investors to acquire a portfolio of real estate investments under professional management which generally avoids double taxation (i.e., taxation at both the corporate and shareholder levels). Generally, we refer to an entity that qualifies to be taxed as a real estate investment trust for U.S. federal income tax purposes as a REIT.
- Jamestown Invest 1, LLC elected and qualified as a Real Estate Investment Trust (“REIT”) for U.S. federal income tax purposes commencing with our first taxable year of operations (2019). More information about our REIT qualification can be found on pdf page 84 as well as pdf pages 106 -117 in the Offering Circular.
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