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The new reits: Issues associated with IPOS
Author(s) -
Keller Corinne G.,
D'Angela Vincent A.,
Millstein David L.
Publication year - 1994
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970060103
Subject(s) - real estate investment trust , initial public offering , business , popularity , real estate , investment (military) , accounting , finance , financial system , political science , law , politics
The volume of real estate investment trusts (REIT) exploded last year, raising more than $11 billion in new and secondary offerings. This article explores the history of this 1960 investment vehicle, the fundamentals of a successful REIT offering, some reasons for its recent renewed popularity and the advantages and disadvantages of this real estate format. It summarizes tax issues as they currently affect the formation of REITs and discusses the accounting issues associated with IPOs.