Now available!
Fully updated and revised
In today’s fast evolving legal and business environments, it’s imperative that existing REITs plus their trustees and staff, income trusts, and other entities considering conversion be as fully informed as possible. REALpac’s Canadian REIT Handbook, Second Edition provides deep and extensive coverage on the key aspects of REITs in a timely, accurate, and relevant fashion.
For all REALpac Member Companies, a discount price of $320 for the REALpac Canadian REIT Handbook, Second Edition is available!
To determine if your company is a Member of REALpac, please visit the REALpac website and search our Member Directory, www.realpac.ca > About Us > Our Members (http://www.realpac.ca/our-members/). If your company is a Member, please contact Deborah Prestwich, Manager, Office Services by email dprestwich@realpac.ca or by phone 416-642-2700 x221 to request the appropriate coupon code to use during the ordering process.
The Canadian REIT Handbook, Second Edition
REALpac’s Handbook is intended for a variety of readers, including real estate owners, managers and operators, potential and seasoned investors, legal, accounting and financial advisors, investment bankers, lenders, and academics. It will be useful as both a quick reference tool and a detailed text, regardless of the reader’s level of familiarity with REITs.
The Handbook covers a broad range of topics, including the evolution and history of the Canadian REIT; the trust concept and how it applies to the Canadian REIT; distribution levels, investment guidelines and operating policies; tax considerations; the process of a REIT’s initial public offering; acquisition and public financing options; trustees’ duties and liabilities and governance standards applicable to REITs; management; ongoing securities law compliance; development arrangements; take-over bids, going-private transactions and related party transactions; and investment considerations. It reflects law and practice as of September 2010.
Canadian REITs have evolved significantly over the past decade. Many external management arrangements have been internalized and new management arrangements developed. The REIT sector has seen mergers, acquisitions, conversions, development programs, creative financing instruments and cross-border structures.
REITs enable thousands of private investors to invest in real estate assets they would otherwise not have access to, along with a significant number of institutional investors. The introduction and passing of the tax legislation, referred to in the Handbook as the “SIFT rules”, has made the rules governing publicly traded REITs significantly more complex. At the same time, in restricting the access of non-real estate public entities to tax efficient flow-through structures, the legislation has further enhanced the importance of the public REIT sector to the capital markets.
As the REIT sector continues to grow and new issues emerge, the Canadian REIT Handbook will be updated.
For information on subscriptions or to order, please contact the CICA customer service department at 1-800-268-3793.
Publication Date: March 2011
