Pennsylvania Real estate investment tRust®: Momentum
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Terminology related to commercial real estate investment products varies widely
and is often unclear due to the complexity of the instruments. For purposes of this
report, FinCEN used the following working definitions.
REITs3
, which came into formal existence in the 1960s due to tax law changes4
, are
entities that typically own multiple commercial properties, often focused in one
sector of the commercial real estate market. Institutional and individual investors
can purchase REIT shares in the public market or in private offerings.
CMBS have existed since the mid-1990s.
5
According to the Congressional Oversight
Panel, “CMBS are asset-backed...
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Pennsylvania Real estate investment tRust®: Momentum
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Pennsylvania Real estate investment tRust®: Momentum
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