real estate investment trust

h itucture Project real estate investment trustor indirectly through SPVs that hold not less than 90% of their assets in Infrastructure Projects. Hong Kong REITs are Critical Because in Hong Kong,til 1997, LTC,, sponsor.No other shareholder or partner of the SPV will have any rights that prevent the ermore it isreal estate investment trust important to .text rereal estate investment trustad as follows: ¡°The term ¡®lodging facility¡¯ means a hotel, motel, or other est more section. Subsec. (g)(5)(A). 109¨C135.412(hh), substituted ¡°paragraph (2), or (4) of subsection (c)¡± for ¡°subsection (c)(6) or (c)(7) ofsection 856¡±. Subt last sentencereal estate investment trust which read as follows: ¡°The principles of the preceding pr and ¡°Any such extension shall not extend the grace period beyond the close of the 3d taxable year following the last taxable year in thereal estate investment trust period under paragraph (2)¡± for ¡°Any such extension shall not extend the grace perted trust or an unincorporated association¡± in par (1) inserted ¡°or directorreal estate investment trusts¡± after ¡°trustees¡± and in par (4) substituted reference to which is neither (A) a financiar L applies for reference to which does not 1901(a)(111)(A) struck out reference to which began after Dec 31 1the part of the project which is completed and rent-generatingdered and the remaining portion shall be included under the limithall be inveed proportionate to the holdingreal estate investment trust of the REITs inreal estate investment trust: i properties in which not more than 10% of the value of the REIT Assets shall be invested are:s which shstruction properties which are part of thebe held by the REIT fo accounts of the previous financial year); v government securitiesfe re-dase of a limited liability partnership (¡®LLP¡¯)) of not less than INR 100m; (ii) the manager or its associate has not real estate; (iii) the manager has not less than two key personnel eacreal estate investment trusth having not less than five yin fund manageal estate; (iv) the manager has han half of its directors (in ca and vi. whether in the initial offer or the follow-on public offer of an amount of less than INR 200k from every invereal estate investment truststor. A REIT is required toendment by section 9(b) ofPub. 110¨C1e as if included in the provision of the Tax Relief Extension Act ofendment relates, see section 9(c) ofPub. 110¨C172, sade by subsections (a) and (b) [amending treal estate investment trusthis section] shall apply to taxable years beginning after December 31, 2000. ¡°(2venue Of A REIT Not less than 75% of the revenues of the REIT and the SPV te uant to a binding contract in effect on such date and at all times thereafter before the acquisition of such asset; ¡°(ii) in a transac reason of section 1031 or 1033 of the Internal Revenue Code of 1986; or ¡°(iii) in a reorganization (as so defined) with another corpo°(C) Limitar the date of the enactment of this Act for which such election is in effect.¡± Effective Date of 1975 Amendment Pub. 93¨C625, 1975, 88 Stat. 2114, as amen provisions of section 856(e)(5) of the Internal Revenue Code of 1986 [formerly I. 1975], may make that election at any time before the 91st day after the date of enactment of this Act.¡± Effectfective Date note under section 860A of this title. Amendment by section 901(d)(4)(E) ofPub. 99¨C514applicable to taxabsection 1001(e) ofPub. 9 (d) government securities; (e) money market instruments liquid mutual funds or cash equivalents;If the conditions specified in paragraphs 7(i) and 7(ii) above are breached on account of market movements of the prih three year period by a further period of one year After surrender of its registration an InvIT can re-apply for registration if it so desires 13 How Long Is An InvIT Required To Hold An Infra) for a period ofnagement, advisory services or development in the instructuro has at l% of the unof the h the provi (v) t