REIT Sector

What is REIT (Real Estate Investment Trust)?

What is REIT (Real Estate Investment Trust)?

REITs are capital market corporations which can invest on real estate and capital market instruments based on real estate, real estate projects, rights based on real estate and instruments of capital market, which can establish ordinary partnerships for carrying out certain projects and show other activities permitted by the Communiqué. Partnerships can be established temporarily in order to carry out a specific project, temporarily or permanently in order to invest on specific fields or without any limitation of purpose.

Real estate investment trusts can be founded in instantaneous method as well as by transformation into real estate investment trusts by alteration of articles of incorporation of present partnership according to the provisions of Law and Communiqué. The following conditions must be met in order the transformation or foundation to be deemed suitable by the Commission.

For more information, go to http://www.spk.gov.tr

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