REIT Conversions

In recent years, there has been an increase in the number of companies pursuing conversions from a regular taxable "C-corporation" to a Real Estate Investment Trust (REIT) structure. Among these companies are non-traditional real estate companies that historically were not the types of companies that elected REIT status (see Box, Recent Non-traditional REIT Conversions). As originally conceived, REITs were designed to allow average retail investors to own an interest in large-scale commercial real estate, such as office buildings and shopping centers.

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