Apartment Investment and Management Company

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Apartment Investment and Management Company - no go

Categorie: Equities
Submitted 11 months ago by

Fred

S&P500 stock - Apartment Investment and Management Company (NYSE: AIV) Stay Away from the stock but look out for bargain deals on apartments. Legal entities Incorporated as trusts involved in buying, owning, managing and developing apartment properties are known as Real Estate Investment Trusts (REITs). Real Estate Investment Trust Act of 1960 governs these establishments. Such entities are in closed-end investments in real estate or related mortgage assets. This act exempts trusts from corporate income and capital gains taxation, providing they invest primarily in specified assets, pay out most of their income to shareholders, and meet certain requirements regarding the dispersion of trust ownership.A REIT is, simply put, a company dedicated to owning and, in most cases, operating income-producing real estate, such as apartments, shopping centers, offices and warehouses. Some REITs are also engaged in financing real estate. Most importantly, a REIT is legally required to pay virtually all of its taxable income (90 percent) to its shareholders every year. Apartment Investment and Management Company, AMICO, owns and manages a real estate portfolio of 1,475 apartment properties containing approximately 260,000 apartment units located in 47 states, the District of Columbia, and Puerto Rico. As a REIT, the company would not be subject to federal income tax, i... More...

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