Learn all you need to about Real Estate Investment Trusts or REITs for short, and how you can take advantage of the opportunity to invest in a Portfolio of Properties, from buy to let, to commercial properties, instead of just one.
Lessons for 2010: Yields, Breakdown historical yields – compare indirect dividend yields from REITs with direct-yields from property funds. Market Backdrop, Discuss long-term trends, contrast recent recover with 2008 performance, total return composition and lessons learned. Position, Explore the prevailing opportunities in REITs and suggest best practices for investing REIT Funds in the future..
Real estate investment trusts (REITs) - Overviewhardiklad93
its all about the REITs an overview. Also includes detail of REITs in global market as well as in Indian context.
Also includes advantage & disadvantage of REITs.
Learn all you need to about Real Estate Investment Trusts or REITs for short, and how you can take advantage of the opportunity to invest in a Portfolio of Properties, from buy to let, to commercial properties, instead of just one.
Lessons for 2010: Yields, Breakdown historical yields – compare indirect dividend yields from REITs with direct-yields from property funds. Market Backdrop, Discuss long-term trends, contrast recent recover with 2008 performance, total return composition and lessons learned. Position, Explore the prevailing opportunities in REITs and suggest best practices for investing REIT Funds in the future..
Real estate investment trusts (REITs) - Overviewhardiklad93
its all about the REITs an overview. Also includes detail of REITs in global market as well as in Indian context.
Also includes advantage & disadvantage of REITs.
REIT simply implies trading dematerialized real estate. REIT exists in most countries of the world, its a great way of optimizing real estate investment and maximize wealth. REIT was legalized in India in 2013. SEBI is its regulator and the coming times will tell the tale of REIT in India.
Study of REITS (Real Estate Investment Trusts) and its prospect in India: Studied REITS in US, UK, Singapore and Hong Kong; its evolution in India and its pros and cons. Concluded that India is a conducive environment for REITS.
With the new investment vehicle, Real Estate Investment Trusts (REITs) coming into effect, what will be the impact on real estate sector? Does the real estate sector striving for cash influx will able to boost up the cash strapped industry a new route to tap capital with the approval of setting up of Real Estate Investment Trusts(REITs) by SEBI, market regulator.
REIT is an investment pool, which finds alternative means of financing real estate through an initial public offering (IPO), which is then used to buy, develop, manage and sell assets in real estate. This pool of real estate generates income through renting, leasing and selling of property and distributes it directly to the REIT holder on a regular basis.
A major benefit of REITs is that they do not have to pay tax on the income received by them, as 90% of the income is distributed to the shareholders. Smaller real estate investors are offered certain important qualities through the modem REITs, which previously were never accessible and available to them before.
Need of REIT and its prospective implication in india- phoenix mall case studyAjinkya jagtap
A Real Estate Investment Trust is a company which modelled after mutual fund that owns or finances income-producing real estate. It provides investors regular income streams, long-term capital appreciation and diversification. REITs typically distribute all of their taxable income as dividends to shareholders. On those dividends shareholders pay the income taxes. REITs are strong income vehicles because REITs must pay out at least 90 percent of their taxable income in the form of dividends to shareholders .Office buildings, hotels, shopping malls, apartments, resorts, warehouses, self-storage facilities and mortgages or loans are the income producing real estate assets of REITS.
India has also tried to establish REIT. Mainly due to global slowdown and resultant impact on the property markets in India the earlier attempts to introduce REITs in India did not succeed. The other aspect is mortgage backed securities which is not permitted to invest, resulted real estate market opportunities shrinkage. However, SEBI announced the draft consultation paper on Real Estate Investment Trust (REIT) Regulations on October 10, 2013. Earlier in 2008, SEBI had issued certain draft regulations for introducing REITs. I-REITs (REITs in India) will invest in completed rent generating properties in India (to comprise minimum 90% of net asset value) and mortgage backed securities, would issue securities, which would be listed on stock exchanges and. In earlier phase I-REITs are planned to be available only to high net worth individuals and institutions to develop the market but now there are some relaxations introduced.
Need of REIT and its prospective implication in india- phoenix mall case studyAjinkya jagtap
A Real Estate Investment Trust is a company which modelled after mutual fund that owns or finances income-producing real estate. It provides investors regular income streams, long-term capital appreciation and diversification. REITs typically distribute all of their taxable income as dividends to shareholders. On those dividends shareholders pay the income taxes. REITs are strong income vehicles because REITs must pay out at least 90 percent of their taxable income in the form of dividends to shareholders .Office buildings, hotels, shopping malls, apartments, resorts, warehouses, self-storage facilities and mortgages or loans are the income producing real estate assets of REITS.
India has also tried to establish REIT. Mainly due to global slowdown and resultant impact on the property markets in India the earlier attempts to introduce REITs in India did not succeed. The other aspect is mortgage backed securities which is not permitted to invest, resulted real estate market opportunities shrinkage. However, SEBI announced the draft consultation paper on Real Estate Investment Trust (REIT) Regulations on October 10, 2013. Earlier in 2008, SEBI had issued certain draft regulations for introducing REITs. I-REITs (REITs in India) will invest in completed rent generating properties in India (to comprise minimum 90% of net asset value) and mortgage backed securities, would issue securities, which would be listed on stock exchanges and. In earlier phase I-REITs are planned to be available only to high net worth individuals and institutions to develop the market but now there are some relaxations introduced.
This presentation majorly covers about the following:
1. Meaning of UK REIT
2.Benefits for companies
3.Benefits for Investors
4.How to qualify as a REIT
5 Changes to the UK REIT Regime
6.What are the risks associated with REIT.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
REIT simply implies trading dematerialized real estate. REIT exists in most countries of the world, its a great way of optimizing real estate investment and maximize wealth. REIT was legalized in India in 2013. SEBI is its regulator and the coming times will tell the tale of REIT in India.
Study of REITS (Real Estate Investment Trusts) and its prospect in India: Studied REITS in US, UK, Singapore and Hong Kong; its evolution in India and its pros and cons. Concluded that India is a conducive environment for REITS.
With the new investment vehicle, Real Estate Investment Trusts (REITs) coming into effect, what will be the impact on real estate sector? Does the real estate sector striving for cash influx will able to boost up the cash strapped industry a new route to tap capital with the approval of setting up of Real Estate Investment Trusts(REITs) by SEBI, market regulator.
REIT is an investment pool, which finds alternative means of financing real estate through an initial public offering (IPO), which is then used to buy, develop, manage and sell assets in real estate. This pool of real estate generates income through renting, leasing and selling of property and distributes it directly to the REIT holder on a regular basis.
A major benefit of REITs is that they do not have to pay tax on the income received by them, as 90% of the income is distributed to the shareholders. Smaller real estate investors are offered certain important qualities through the modem REITs, which previously were never accessible and available to them before.
Need of REIT and its prospective implication in india- phoenix mall case studyAjinkya jagtap
A Real Estate Investment Trust is a company which modelled after mutual fund that owns or finances income-producing real estate. It provides investors regular income streams, long-term capital appreciation and diversification. REITs typically distribute all of their taxable income as dividends to shareholders. On those dividends shareholders pay the income taxes. REITs are strong income vehicles because REITs must pay out at least 90 percent of their taxable income in the form of dividends to shareholders .Office buildings, hotels, shopping malls, apartments, resorts, warehouses, self-storage facilities and mortgages or loans are the income producing real estate assets of REITS.
India has also tried to establish REIT. Mainly due to global slowdown and resultant impact on the property markets in India the earlier attempts to introduce REITs in India did not succeed. The other aspect is mortgage backed securities which is not permitted to invest, resulted real estate market opportunities shrinkage. However, SEBI announced the draft consultation paper on Real Estate Investment Trust (REIT) Regulations on October 10, 2013. Earlier in 2008, SEBI had issued certain draft regulations for introducing REITs. I-REITs (REITs in India) will invest in completed rent generating properties in India (to comprise minimum 90% of net asset value) and mortgage backed securities, would issue securities, which would be listed on stock exchanges and. In earlier phase I-REITs are planned to be available only to high net worth individuals and institutions to develop the market but now there are some relaxations introduced.
Need of REIT and its prospective implication in india- phoenix mall case studyAjinkya jagtap
A Real Estate Investment Trust is a company which modelled after mutual fund that owns or finances income-producing real estate. It provides investors regular income streams, long-term capital appreciation and diversification. REITs typically distribute all of their taxable income as dividends to shareholders. On those dividends shareholders pay the income taxes. REITs are strong income vehicles because REITs must pay out at least 90 percent of their taxable income in the form of dividends to shareholders .Office buildings, hotels, shopping malls, apartments, resorts, warehouses, self-storage facilities and mortgages or loans are the income producing real estate assets of REITS.
India has also tried to establish REIT. Mainly due to global slowdown and resultant impact on the property markets in India the earlier attempts to introduce REITs in India did not succeed. The other aspect is mortgage backed securities which is not permitted to invest, resulted real estate market opportunities shrinkage. However, SEBI announced the draft consultation paper on Real Estate Investment Trust (REIT) Regulations on October 10, 2013. Earlier in 2008, SEBI had issued certain draft regulations for introducing REITs. I-REITs (REITs in India) will invest in completed rent generating properties in India (to comprise minimum 90% of net asset value) and mortgage backed securities, would issue securities, which would be listed on stock exchanges and. In earlier phase I-REITs are planned to be available only to high net worth individuals and institutions to develop the market but now there are some relaxations introduced.
This presentation majorly covers about the following:
1. Meaning of UK REIT
2.Benefits for companies
3.Benefits for Investors
4.How to qualify as a REIT
5 Changes to the UK REIT Regime
6.What are the risks associated with REIT.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
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The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
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The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
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Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
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Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
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Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
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1. Propuesta
The Spanish REIT business: SOCIMI
Author: Manel Hernandez
manfin2005@yahoo.com
Autor: Manel Hernandez – HP Consulting
Manel.hernandez@hp.com
2. A better way to fix banks
Here’s a proposal that could help solving the
g
toxic-asset pricing problem
voluntarily —without requiring the
Administration to nationalize the
whole industry—
and make (pretty much) everyone a winner.
3. Index
• REIT concept
• Legislation
L i l ti
• Who could be interested in
• Why HP solutions
• Business process: Finance + Legal advisors
• IT Solution
• Business models
• What is next?
4. Introduction:
Real Estate portfolios today
• Banks with excessive risk exposure on national and international RE
investments, and related liabilities.
• High risk of default credit.
• Banks ith increasing bad d bt
B k with i i b d debts
• Banks balance sheets need to be cleared out.
• Necessity of profitability on RE investments while diversifying their
business model.
b d l
• ECB and local EU Governments need to stabilize and reactivate the EU
financial system
5. The origins of REIT :
• When a bank faces an insolvency from a mortgage credit debtor, it can be negotiated to recover the
RE asset while clearing out the credit. Finally when there is no other way it will be classified as bad
debt.
• When a credit is classified as bad debt banking authorities forces to provision the same amount
which could generate treasury tensions on any bank.
• To provide an alternative solution most EU government are improving the REIT conditions, while in
Spain the Central Government i setting up a new bill on creating REIT
S i th C t l G t is tti ti REIT.
• A Real Estate Investment Trust or REIT is a tax designation for a Corporation investing in Real
Estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute
90% of their income which may be taxable, into the hands of the investors The REIT structure was
income, taxable investors.
designed to provide a similar structure for investment in real estate as mutual funds provide for
investment in stocks.
• Like other corporations, REITs can be p
p publicly or p
y privately held. Public REITs may be listed on p
y y public
stock exchanges like shares of common stock in other firms.
• The legislation goal is to reactivate the financial markets by gaining on transparency.
• REITs have existed in the USA since the 1960s. They were later introduced in other countries, such as
y
the Netherlands, Australia, Canada, Japan, Belgium, Germany, France, sometimes in modified form.
6. US REIT Qualifications
In order to qualify for the advantages of being a pass-through
entity for U.S. corporate income tax, a REIT must:
• Be structured as corporation, trust, or association
United
• Be managed by a board of directors or trustees
• Have transferable shares or transferable certificates of interest States
• Otherwise be taxable as a domestic corporation
• Not be a financial institution or an insurance company
• Be jointly owned by 100 persons or more
• Have 95 percent of its income derived from dividends, interest, and property income
• Pay dividends of at least 90% of the REIT's taxable income
• No more than 50% of the shares can be held by five or fewer individuals during the last
half of each taxable year (5/50 rule)
• At least 75% of total investment assets must be in real estate
• Derive at least 75% of gross income from rents or mortgage interest
• No more than 20% of its assets may consist of stocks in taxable REIT subsidiaries.
7. Spain REIT Qualifications
In order to qualify for the advantages of being a
p
pass-through entity for Spain corporate income tax, a
g y p p ,
REIT must:
European
• Minimum capital: €15m Union
• 18% taxable corporate profits
• Maximum financial leverage: 70%
• Be structured as corporation, trust, or association
• Be managed by a board of directors or trustees
• Have transferable common shares
• Otherwise be taxable as a domestic corporation
• No financial institution or insurance company
• Be jointly owned by 5 persons or more
• Have 85 percent of its income derived from dividends, interest, and property income
• Pay dividends of at least 90% of the REIT's taxable income
• At least 85% of total investment assets must be in real estate
• Tax advantages can be applied two years before meeting qualifications through a single
declaration.
• REITs are known in Spain as SOCIMI.
8. REIT investment figures in the World
REIT = Real Estate Investment Trust
stocks market value by
From
F Number of REIT
N b f and date
dd t Specialization
S i li ti sector
t
AUS 100.000 M
Australia 1971 70 (2008) No data
Ley 8668/1993
Fundos de Investimento
Brazil
B il Imobiliário No data
N d t No data
N d t No data
N d t
United Industria/oficinas £2.400
Kingdom Retail £400
Finance Act 2006. GBP 21.800 Sanidad £400
(Efectiva en 2007) 21 (Sept. 2009) Mixtos £15.000
2007
Germany REIT- Aktiengesellschaft
SIIC - Société
d´investiment Immobiliare
Coté
l'article 11 de la loi de
finances n° 2002-1575 du €31,000
France 30 décembre 2002 46 (Dec 2008) sin datos
United Industry 92.000
States Retail 100.000
Residential 57.000
USD $539.000 Leisure resorts 11.000
1960 262 (Aug 2009) Logistics
g 14.000
Health 28.000
Other areas 13.000
mixed 206.000
Figures in milions of the respective currency
Source: HP from market data
9. Who may be interested in?
• Financial organizations with large stocks of mortgages and RE assets.
• Banking managers: to concentrate their activities on their core banking by setting out of
their Balance Sheet, RE investments, or their participations as shareholders of RE subsidiaries
• Family Offices / Investor Groups
• Hotel chains
• Health: Hospitals, Nursing homes
• Country regulators: To reactivate RE market and bring transparency on RE deals and on
their financing.
Key ratios: This may be an interesting option because:
• frees up potentially low-profit capital that has been tied up in real estate,
and allows it to be reinvested in core business areas and used to increase the
equity ratio.
it ti
• Provide an accountable market mark up on RE investment through contract
cash flow valuation
• Increase working capital l
ki i l levels assets
l
• Arises customers accountability through transparent operations regulation.
10. REIT Added value: entire flow coverage
Phases
Claims, underpayment, and their
RE insolvency communication and activities management
RE debt recovering Legal procedures and communications across
negotiation countries, auctions, portfolio monitoring.
Distribution channels support. Results oriented
RE sales solution.
RE l
lease out management. From expenses to
t t F t
RE lease out conditions and condominium groups.
RE Investment management. Wholesales
Investment
I t t
Funds
Investment management. Retail / Private
REIT banking
Investors
11. IT REIT Solution: Modules
Gestión
Leasing / Shareholders Consolidated
Proyectos BI
Contracts Management (1) Accountancy
Constructores
Dispute
management Investors/Taxes
Controlling
Management (1)
Legal / Statutory
Reporting
p g
Financial
Call Center RE
Accounting Treasury
Calls Maintenance
IAS / USGAAP
Mailing / Legal
g g
Mailing / Loans
Notarized docs
Tenant / Investor GL
Human Assets
Customers
Resources Management
Suppliers
• Based on Standard software:
Sales CRM
Sales forces / Payments SAP ERP 6.0
Management
Distribution channels SAP BI
• 50 supported languages