- 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. We intend to qualify as a REIT for U.S. federal income tax purposes commencing with our first taxable year of operations.
- More information about our intended REIT qualification can be found on pages ii, 35 and 85 in the Offering Circular.
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