Do Real Estate Investment Trusts (REITs) qualify as EIFs?
REITs manage diversified portfolios of real estate equity or mortgages, sell shares, and are usually publicly traded. REITs that are publicly traded or available will fit the definition of EIF. However, REITs that are not publicly traded or available will not qualify as an EIF because they will not meet the alternative requirement of widely diversified. A filer must report the underlying assets of a non-publicly traded REIT. Is it necessary to do a conflicts analysis on assets which are EIFs? An EIF can be a conflicts problem unless it qualifies as a diversified mutual fund or diversified employee benefit plan under 5 C.F.R. part 2640, or is otherwise exempted from ยง 208 under part 2640.
Related Questions
- Ive sold Unit Investment Trusts (UITs) and Real Estate Investment Trusts (REITs) in the past. Are my activities covered under any of the policy options?
- Do distributions from real estate investment trusts (REITs) qualify for the lower federal long-term capital gain tax rates of 15% or 5%?
- Do Real Estate Investment Trusts (REITs) qualify as EIFs?
