Under Republic Act (RA) 9856, or the REIT
Law of 2009, a REIT
is defined as a stock corporation incorporated to own income-generating real-estate assets.
2019-27 issued on June 21, the IC said REITs
could be admitted assets of insurance firms and mutual benefit associations (MBAs); for preneed providers, REITs
can be allowable investments.
Moreover, the new circular states that investments of insurers on REIT
shall be subject to a risk-based capital charge of 25 percent, pursuant to the amended risk-based capital framework.
owns and typically operates income-producing real estate or real estate-related assets.
The UAE REIT
Regulations also impose a number of additional conditions with respect to the valuation of assets and obligations upon the UAE REIT
's management company and real estate appraisers.
The combination of CVMC REIT
I and CVMC REIT
II is expected to generate significant benefits for stockholders, including cost savings and increased operating efficiencies.
Real Estate Investment Trusts (REITs
) are vehicles that provide investors with exposure to a portfolio of real estate assets.
As a vehicle for investment in property assets, real estate investment trusts (Reits
) remains underpenetrated in the Middle East, but is expected to grow as the real estate market in the region matures in terms of quality of and access to assets, financing, governance and regulations, a study has found.
Equitativa has a fantastic and proven track record in the set up and management of REITs
. Together with the Group's network in the People's Republic of China and across Asia, the Group will work alongside Equitativa in identifying potential asset acquisitions and suitable investors for the REITs
from investors before transfer of property to REIT
The results from the REIT
industry show a significant variance, with ratios ranging from 4:1 to 567:1.
: This type of REITs
own large commercial buildings, retails storefronts, hotels, or apartment buildings.
The infrastructure sector, whose largest companies are cell phone tower REITs
, led the equity REIT
market's performance with a 35.4% total return for the year.
The transaction involved the disposition of the REIT
's partnership interest in 165 Yorkland LP, a limited partnership established by the REIT
to own a car dealership and corporate head office at Parkway Place pursuant to a lease agreement with Porsche Cars Canada Ltd.
CFA Society Emirates, through a survey of its members and charterholders, and found that investor sentiment, coupled with lack of understanding, would pose a key challenge for REIT
growth in the Middle East.