Real Estate Investment Trusts: A New Investment Tool For The Secondary German Real Estate Market
Mondaq Business Briefing › Germany Law Articles in English (2007)
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Real Estate Investment Trusts: A New Investment Tool For The Secondary German Real Estate Market
On May 28, 2007, the German legislature implemented a law on German real estate investment trusts ("REITs"), effective retroactively to January 1, 2007.
This Commentary will outline the most important provisions of the German Law for the Creation of German Real Estate Investment Trusts (the "REIT Law").GeneralREITs are already implemented in 20 countries, including the U.S., Australia, Japan, and France. They enable a wide range of investors to invest indirectly in real estate. Prior to the implementation of the REIT Law, the German market included three different possibilities for indirect real estate investments: closed property funds, open property funds, and real estate corporations, of which...See the full content of this document
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