Commercial Property Syndication with Taurus Management Limited
|
|
- Ashlynn Davidson
- 5 years ago
- Views:
Transcription
1
2 Commercial Property Syndication
3 Commercial Property Syndication
4 Commercial Property Syndication
5
6 Commercial Property Syndication
7 Commercial Property Syndication Key Attractions of Property Syndications Attractive Yield Typically speaking, Commercial Property Syndications are relatively high yielding compared to other investments such as residential property or bank term deposits. Regular Income Stream Cash distributions are typically paid monthly to investors making syndicates attractive to those wanting a regular income stream. Access to Property Not Possible Individually One of the main benefits for commercial property syndicate investors is being able to access property not usually possible via their own means. Access to large scale commercial property with strong tenants on long leases requires significant capital investment. This is made possible by investors pooling money together via syndication. Passive Investment Commercial Property Syndicate investors can enjoy passive income without the being involved in administrative aspects of the investment such as tenant and property management. These aspects are handled by the Manager. Key Risks of Property Syndications Liquidity Constraints Commercial Property Syndicates generally have a long-term investment horizon and may not have a fixed term. They are not designed to be short term investments and should not be considered by those wishing to have their funds mature in the near term. Many TML Syndicates allow for the property to be sold and syndicate wound up after 5 years with a vote passed by 55% of investors. Given of the lack of established secondary markets for syndication units, the sale of an interest in a syndicate may be difficult. Should an investor wish to sell their unit(s), the Manager will generally offer the unit to their investor base for sale on a best endeavours basis. Tenant Risk A default by a major tenant on its lease obligations, may limit the scheme s ability to pay distributions, and may result in a decreased property value. Undiversified In some cases, syndicate properties may be leased to a single tenant. Whilst theoretically less costly to administer, this lack of diversification presents a risk in the event that the single tenant defaults leaving no subsequent income to pay distributions and meet syndicate operating costs. DEBT Property syndicates may source loan funding for part of the purchase price generally around 45%-50% of the property s value. In an event that the property value should decreased for any reason, this may put pressure on bank Loan to Value requirements which may limit the syndicate s ability to pay distributions to Investors.
8 Commercial Property Syndication 7 How often are cash distributions made? Cash distributions are typically paid monthly. This is usually at the start of the month shortly after the tenant has paid rent for that month. 2 Can I sell my investment? There is a lack of established secondary markets for sales of interests in the commercial property syndicates. Should an interest holder wish to sell their interests, the Manager will offer the interests on behalf of the vendor to the existing interest holders. Should existing interest holders not take up the offer, the Manager may offer the interests to other eligible parties. The offer price per unit is based on the net asset backing per interest as at the date of the last audited financial statements. However, the final purchase price would be as agreed between the vendor and the purchaser. 8 9 Does the entity I use to invest matter (IE, Company/Trust/Individual)? Investors should seek independent advice as on how best to structure their investment entities. TML syndicates are made available to companies, trusts and individuals as investors. Does Taurus Management Limited provide financial advice? No. TML is not authorised to give financial advice. Readers should always consider taking independent financial advice before making investment decisions. 3 What is the investment structure? A syndicate managed by TML is typically a Management Investment Scheme (MIS), established under the provisions of the Financial Markets Conduct Act Syndicates are governed by an Ownership and Management Deed ('OMD') between the Manager, the Nominee, and the Investors. 4 How is the syndicate governed? At TML, syndicates are governed by an OMD. A nominee company purchases the investment property and owns it on behalf of the investors. The Manager is appointed to manage the property on behalf of the investors under the terms of the OMD. The OMD also provides for the internal rules of the syndicate such as meetings, remuneration of the Manager and winding up of the syndicate. 5 Who holds legal title to the property? For syndicates managed by TML, legal title to the syndicate s property is typically held by a Nominee company as bare trustee on behalf of investors in the Scheme. The Nominee s sole purpose is to own the property for and on behalf of the Investors in accordance with the OMD. While the Nominee holds the legal title to the Property, the investors retain beneficial ownership of the Properties in proportion to the number of interests that they hold in the syndicate.
9
THE CASE FOR EUROPEAN LONG LEASE REAL ESTATE: CONTRIBUTING TO MORE CERTAIN INVESTMENT OUTCOMES
This document is for professional/qualified investors only. It is not to be distributed to or relied on by retail clients. THE CASE FOR EUROPEAN LONG LEASE REAL ESTATE: CONTRIBUTING TO MORE CERTAIN INVESTMENT
More informationREAL ESTATE INVESTING GUIDE. Combine IRA tax advantages with real estate investment opportunities.
REAL ESTATE INVESTING GUIDE Combine IRA tax advantages with real estate investment opportunities. INTRODUCTION The IRS allows an IRA, Solo 401(k), or HSA to acquire real estate as an asset without penalty
More informationThis document does not apply to extra-provincial cooperatives registering under the Cooperatives Act.
s of Incorporation Requirements Cooperatives This document does not apply to extra-provincial cooperatives registering under the Cooperatives. The s of Incorporation is a document developed by the cooperative
More informationCompanies Act 2006 COMPANY HAVING A SHARE CAPITAL. Memorandum of Association of. PM SPV [XX] Limited
Companies Act 2006 COMPANY HAVING A SHARE CAPITAL Memorandum of Association of PM SPV [XX] Limited Each subscriber to this memorandum of association wishes to form a company under the Companies Act 2006
More informationDelaware Statutory Trust
Private Capital Corporation Inland Private Capital Corporation Delaware Statutory Trust www.inland-investments.com What is a Delaware Statutory Trust? A DST is a business trust created under Delaware law.
More informationSuper Lend. Unlock your super potential.
Super Lend Unlock your super potential. The SMSF structure offered by Bank of Sydney (BOS) has been developed in association with Gadens Lawyers. This flyer provides an introduction to the product only
More informationDuties Amendment (Land Rich) Act 2004 No 96
New South Wales Duties Amendment (Land Rich) Act 2004 No 96 Contents Page 1 Name of Act 2 2 Commencement 2 3 Amendment of Duties Act 1997 No 123 2 Schedule 1 Land rich amendments 3 Schedule 2 Other amendments
More informationANZVGN 7 THE VALUATION OF PARTIAL INTERESTS IN PROPERTY HELD WITHIN CO-OWNERSHIP STRUCTURES
8.7 ANZ VALUATION GUIDANCE NOTE 7 ANZVGN 7 THE VALUATION OF PARTIAL INTERESTS IN PROPERTY HELD WITHIN CO-OWNERSHIP STRUCTURES 1.0 Introduction 1.1 Purpose The purpose of this Guidance Note is to provide
More informationYour Guide to Real Estate in an IRA
Tim Conarro Summit Commercial Brokers PO Box 9 Niwot CO 80544 303-746-1490 www.longmont-commercial-realestate.com Your Guide to Real Estate in an IRA Information is provided by New Direction IRA, Inc.
More informationForm DPT-2 Deposit Trust Deed [Pursuant to rule 7(2) of the Companies (Acceptance of Deposits) Rules, 2014]
Form DPT-2 Deposit Trust Deed [Pursuant to rule 7(2) of the Companies (Acceptance of Deposits) Rules, 2014] The deposit trust deed shall, inter alia, contain the following:- DESCRIPTION OF DEPOSIT SCHEME
More informationInvestment Terms. Glossary
Investment Terms Glossary DOOR Industry term used instead of Unit. T 12 Trailing 12 P&L (Profit & Loss). T 3 Trailing 3 P&L (Profit & Loss). PRO FORMA/UNDERWRITING Industry term referring to financially
More informationPolicy for Managing Shared Ownership
Policy for Managing Shared Ownership October 2017 October 2020 www.horizonhousing.org This policy applies to Link Group Link Housing Link Living Link Property Horizon Larkfield West Highland Lintel Trust
More informationA Summary of the Cooperatives Act
This is a general overview of the contents of the Cooperatives Act. It is not intended to replace or be used as an interpretation of the Act. Readers should refer to the applicable sections of the Act
More informationStock Transfer Form & Guidance Notes
Stock Transfer Form & Guidance Notes If you require help in completing this form, please contact an advisor. Guidance Notes for Transfer of Shares Please complete the attached form if you wish to transfer
More informationAcquisition or Lease of Immovable Property for Business Purposes by Non-Citizen
BOARD OF INVESTMENT GUIDELINES Acquisition or Lease of Immovable Property for Business Purposes by Non-Citizen Whilst care has been taken to ensure that the information provided herein is accurate and
More informationCITY COUNCIL AGENDA REPORT
Approved by City Manager: CITY COUNCIL AGENDA REPORT DATE: APRIL 13, 2015 TO: FROM: HONORABLE MAYOR AND COUNCILMEMBERS DR. GARY J. LYSIK, CHIEF FINANCIAL OFFICER SUBJECT: ADOPTION OF RESOLUTION 2015-1452
More informationSt. Lucie County Energy and Sustainability Financing Program (SLC ESFP) Property Assessed Clean Energy (PACE) APPLICATION
1 St. Lucie County Energy and Sustainability Financing Program (SLC ESFP) Property Assessed Clean Energy (PACE) APPLICATION 2 APPLICATION INSTRUCTIONS The Saint Lucie County Energy and Sustainability Financing
More informationLender SMSF. Bare Trustee. Vendor SMSF BORROWING - QUESTIONS AND ANSWERS
As a market leader in SMSF borrowing documentation, Topdocs has compiled a list of commonly asked questions regarding SMSF borrowing arrangements (formally known as limited recourse borrowing arrangements
More informationDisposal of Real Estate Assets by NAMA Debtors and Insolvency Office Holders. Version: 4.5
Disposal of Real Estate Assets by NAMA Debtors and Insolvency Office Holders Version: 4.5 Contents 1 Introduction... 2 2 Policy Basis... 2 2.1 Open Marketing... 2 2.2 Section 172 Policy... 2 2.3 Excluded
More informationHomePurchasePlan. Banking you can believe in ENGLAND & WALES PRODUCT INFORMATION
HomePurchasePlan ENGLAND & WALES PRODUCT INFORMATION Banking you can believe in Banking you can believe in Introduction Sharia compliant, flexible, affordable property finance Unlike a conventional mortgage
More informationProperty Update September 2010
The impact of insolvency on leases This is the first in a series of three articles considering the impact of insolvency on leases. As most tenants of commercial or retail premises are companies, we will
More informationCHAPTER Committee Substitute for Committee Substitute for House Bill No. 229
CHAPTER 2013-240 Committee Substitute for Committee Substitute for House Bill No. 229 An act relating to land trusts; creating s. 689.073, F.S., and transferring, renumbering, and amending s. 689.071(4)
More informationU.S. Housing Act of 1937
SERC/NAHRO Conference Norfolk, Virginia June 25, 2018 U.S. Housing Act of 1937 Another New Deal initiative designed to relieve conditions in the nation's housing stock This was the beginning of Public
More informationGuide to Private Water Schemes
Guide to Private Water Schemes This guide provides a summary of the background to private water schemes (syndicates), options for legal structures, types of schemes, and an overview about establishing
More informationRing-fencing Transfer Scheme
IN THE HIGH COURT OF JUSTICE CLAIM NO: FS-2017-000004 BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES BUSINESS LIST (ChD) Financial Services and Regulatory LLOYDS BANK PLC - and - BANK OF SCOTLAND PLC
More informationStrata Handbook. Strata Handbook Page: 1
Strata Handbook Strata Handbook Page: 1 WHAT IS STRATA TITLE AND WHAT DOES IT MEAN? Strata title is actually an Australia property law innovation that has been copied by countries around the globe. Strata
More informationThe Basics of Municipal Leasing
The Basics of Municipal Leasing 38 th Annual AGLF Conference May 2, 2018 Chicago, Illinois David G. Roeder, SVP Texas Capital Bank, N.A. How do State & Local Governments Traditionally Raise Capital? 1.
More informationGREEN CORRIDOR PROPERTY ASSESSMENT CLEAN ENERGY (PACE) DISTRICT PROGRAM GUIDELINES. November 17, Version 1.2
GREEN CORRIDOR PROPERTY ASSESSMENT CLEAN ENERGY (PACE) DISTRICT November 17, 2017 Version 1.2 GREEN CORRIDOR PROPERTY ASSESSMENT CLEAN ENERGY (PACE) DISTRICT www.ygreneworks.com In order to apply for financing
More information1 SB By Senators Hightower, Glover and Albritton. 4 RFD: County and Municipal Government. 5 First Read: 12-MAR-15.
1 SB220 2 168824-6 3 By Senators Hightower, Glover and Albritton 4 RFD: County and Municipal Government 5 First Read: 12-MAR-15 Page 0 1 SB220 2 3 4 ENROLLED, An Act, 5 To allow a county, municipality,
More informationStrata Handbook. Strata Handbook Page: 1
Strata Handbook Strata Handbook Page: 1 WHAT IS STRATA TITLE AND WHAT DOES IT MEAN? Strata title is actually an Australia property law innovation that has been copied by countries around the globe. Strata
More informationAPN News and Media Limited. Long Term Incentive Plan Rules
APN News and Media Limited Long Term Incentive Plan Rules Level 36, Grosvenor Place 225 George Street Sydney NSW 2000 Australia T 61 2 9258 6000 F 61 2 9258 6999 Reference PHM SBN 02 2028 1683 Blake Dawson
More informationGENERAL ASSESSMENT DEFINITIONS
21st Century Appraisals, Inc. GENERAL ASSESSMENT DEFINITIONS Ad Valorem tax. A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assessment laws, and
More informationREIT Ancillary Issues April 2009
April 2009 One University Avenue, Suite 1410 Toronto, Ontario Canada M5J 2P1 www.realpac.ca T: (416) 642-2700 F: (416) 642-2727 Page 2 REALpac represents Canadian REITs, a multi-billion dollar segment
More informationEDGEFRONT REALTY CORP. MANAGEMENT S DISCUSSION AND ANALYSIS For the three-month period ended March 31, 2013
EDGEFRONT REALTY CORP. MANAGEMENT S DISCUSSION AND ANALYSIS For the three-month period ended March 31, 2013 May 30, 2013 MANAGEMENT S DISCUSSION AND ANALYSIS The following management s discussion and analysis
More informationADVICE NOTE FORMING A RESIDENTS ASSOCIATION. A quick guide to forming a residents' association for your block
ADVICE NOTE FORMING A RESIDENTS ASSOCIATION A quick guide to forming a residents' association for your block 2 CONTENTS Note: As the leading trade body for residential leasehold management, ARMA is also
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended
More informationCommercial Property and Land Purchase Application Form Guidance
Commercial Property and Land Purchase Application Form Guidance Document reference H302G Quick actions: This document provides guidance on how you should complete H302 Commercial Property and Land Purchase
More informationFINANCIAL YEAR 2012 RESULTS
FINANCIAL YEAR 2012 RESULTS 31 January 2013 Contents Financial Highlights FY 2012 Portfolio Update KLCA & Cyberjaya Office Market Outlook Klang Valley & Penang Retail Market Outlook Conclusion 2 Important
More informationBAHRAIN DOMICILED REAL ESTATE INVESTMENT TRUSTS (B-REITs) MODULE
: BAHRAIN DOMICILED REAL ESTATE INVESTMENT TRUSTS (B-REITs) MODULE MODULE: BRT (Bahrain Domiciled Real Estate Investment Trusts) Table of Contents BRT-A BRT-B BRT-1 BRT-2 BRT-3 BRT-4 Date Last Changed
More informationChapter 5 Residential Market Analysis. Major Topics
Chapter 5 Residential Market Analysis 9/27/2005 FIN4777 - Special Topics in Real Estate - Professor Rui Yao 1 Major Topics Drivers of long and short term owner occupied housing market The dynamics of rental
More informationIssues Arising in Mixed-Use Developments
Issues Arising in Mixed-Use Developments Simon Libbis Principal Subdivision Lawyers www.legalwiseseminars.com.au 1 ISSUES ARISING IN MIXED-USE DEVELOPMENTS By SIMON LIBBIS SUBDIVISION LAWYERS www.subdivisionlawyers.com
More informationFRASERS CENTREPOINT LIMITED (Incorporated in the Republic of Singapore) (Company Registration No G)
FRASERS CENTREPOINT LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 196300440G) PROPOSED JOINT ACQUISITION OF HEREF FARNBOROUGH LIMITED WHICH HOLDS FARNBOROUGH BUSINESS PARK
More informationALAN J. MOGOL, ESQUIRE BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, PC
ALAN J. MOGOL, ESQUIRE BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, PC amogol@bakerdonelson.com; 410-862-1132 STRUCTURE AND ADVANTAGES OF A TITLING TRUST PROGRAM An equipment finance company (the Company
More information- 1 - Property Address:
1 March 2012 version Property Address: CONTRACT OF SALE OF REAL ESTATE PARTICULARS OF SALE Part 1 of the standard form of contract prescribed by the Estate Agents (Contracts) Regulations 2008 The vendor
More informationDuties Form Settlement Statement
Duties Form 100533 Settlement Statement Property details Land use entitlement 1 Does this transaction involve a transfer of land use entitlements? What is the total interest in the property/parcel being
More informationINTRODUCTION TO FEDERAL LOW INCOME HOUSING TAX CREDITS. 1. Applicable Percentage
INTRODUCTION TO FEDERAL LOW INCOME HOUSING TAX CREDITS I. THE TAX CREDIT GENERALLY a. Established under the Tax Reform Act of 1986. Essentially an effort to partially privatize the affordable housing industry.
More informationAPPENDIX A DRAFT. Under-occupation Policy
APPENDIX A DRAFT Under-occupation Policy Published: August 2013 1 1 EXECUTIVE SUMMARY 1.1 The introduction of the Welfare Reform Act 2012 has led to cuts in the amount of housing benefit people receive
More informationCase Study 2: Risk Allocation and Mitigation in a Road Toll Project. Thursday, 10:45 to 12:00
Case Study 2: Risk Allocation and Mitigation in a Road Toll Project Thursday, 10:45 to 12:00 Session agenda 1. Road concessions 2. The Tribasa Toll Road 3. Risks and mitigation 4. Performance and failure
More informationReal Estate Principles Chapter 17 Quiz
Real Estate Principles Chapter 17 Quiz 1. A property manager's budget for the property will typically include which of the following operating expenses? A. Reserves for replacement of built-ins B. Depreciation
More informationIndustry Focus: Agriculture ~ James L. Turner
Industry Focus: Agriculture ~ James L. Turner The succession issues for an agribusiness enterprise are not unlike those for other businesses. However, family members will be involved more frequently in
More information(Note: The bond is equal to 6 weeks rent if more than $251 per week or 4 weeks rent if $250 per week or less) Term of tenancy: (please select one)
Residential Tenancy Application Thank you for choosing a Harris Property Management property. Please provide FULL details to ensure effective processing of this application. Email your completed application
More information2016 Association of Accredited Small Business Consultants. All rights reserved.
BUSINESS VALUATION 2016 Association of Accredited Small Business Consultants. All rights reserved. This information is furnished with the understanding that the publisher is not engaged in rendering legal,
More informationDual Income Property Strategy
Dual Income Property Strategy Contents: WHAT IS A DUAL INCOME PROPERTY PAGE 4 ADVANTAGES PAGE 6 DISADVANTAGES PAGE 8 CASE STUDY PAGE 10 IMPORTANT CONSIDERATIONS PAGE 14 FREQUENTLY ASKED QUESTIONS PAGE
More informationAUSTRALIAN THOROUGHBRED BLOODSTOCK PTY LTD
AUSTRALIAN THOROUGHBRED BLOODSTOCK PTY LTD Unnamed 2016 Chestnut FILLY BY Dawn Approach ex On the Wall CO-OWNERS DEED Australian Thoroughbred Address: 522 Beremboke Road, Beremboke, Vic 3342 Postal Address:
More informationTHINGS YOU NEED TO KNOW ABOUT 6OWNING IN STRATA
THINGS YOU NEED TO KNOW ABOUT 6OWNING IN STRATA About the author Amanda Farmer is a strata lawyer with over 14 years experience advising strata owners, communities, managers and developers. As a Fellow
More informationTo: Moody s Investors Service, Ltd. Attention: CDO Monitoring Team By
NOTICE FROM THE ISSUER TO THE TRUSTEE / NOTEHOLDERS / RATING AGENCIES (REGARDING THE AMENDED TRANSACTION DOCUMENTS) To: Fitch Ratings, Ltd Attention: CDO Surveillance By email: london.cdosurveillance@fitchratings.com;
More informationDEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. [Docket No. FR 5831-N 08] 30-Day Notice of Proposed Information Collection:
This document is scheduled to be published in the Federal Register on 02/05/2015 and available online at http://federalregister.gov/a/2015-02253, and on FDsys.gov Billing Code: 4210-67 DEPARTMENT OF HOUSING
More informationTHE CASE FOR SUBSIDISED HOUSING FOR LOU-INCOME FAMILIES. This report has been prepared and published to direct attention to the need
THE CASE FOR SUBSIDISED HOUSING FOR LOU-INCOME FAMILIES This report has been prepared and published to direct attention to the need for providing adequate housing for low-income and large families at rents
More informationElectric Vehicle Charging Equipment Financing
This does not constitute tax advice. All persons considering use of available incentives should consult with their own tax professional to determine eligibility, specific amount of benefit available, if
More informationCompanies Act Private Company Limited by Guarantee. Articles of
Companies Act 2006 Private Company Limited by Guarantee Articles of. Interpretations 1. In these Articles: Address means a postal address or, for the purposes of electronic communication, a fax number,
More informationPresented by: Michael R. Frager, ChFC, CLU, EA Michael T. Sisson, CPA, PFS. FSA Integrated, LLC
Securities and Advisory Services offered through Centaurus Financial, Inc. a registered broker/dealer and a member FINRA and SIPC. This is not an offer to sell securities, which may be done only after
More informationAnalysis Prepared by David L. Sjoquist and Robert J. Eger III
GEORGIA STATE UNIVERSITY ANDREW YOUNG SCHOOL OF POLICY STUDIES FISCAL RESEARCH CENTER DECEMBER 1, 2006 SUBJECT: Estimated Effects of Population Growth on Atlanta Public School s Revenue and Expenditures
More informationEXPERIENCE INTEGRITY RESULTS BUYING AND SELLING MANAGEMENT RIGHTS
EXPERIENCE INTEGRITY RESULTS BUYING AND SELLING MANAGEMENT RIGHTS WHAT ARE MANAGEMENT RIGHTS? Management Rights is the term used to describe the business behind the operation of a strata titled property.
More informationThe YMCA of Greater Vancouver Properties Foundation
Financial statements The YMCA of Greater Vancouver Properties Foundation Independent auditors report To the Directors of The YMCA of Greater Vancouver Properties Foundation Report on the financial statements
More informationREPUBLIC OF LITHUANIA LAW ON THE MANAGER OF CENTRALLY MANAGED STATE ASSETS
Consolidated version valid as of 15 April 2015 REPUBLIC OF LITHUANIA LAW ON THE MANAGER OF CENTRALLY MANAGED STATE ASSETS 20 March 2014 No XII-791 (As last amended on 26 March 2015 No XII-1591) Vilnius
More informationRegister of ASX Listing Rule Waivers
1 to 15 September 2016 The purpose of this register is to record when ASX has exercised its discretion and granted a waiver from the ASX Listing rules. Waivers are published bi-monthly and include information
More informationExpression of Interest Document Under Instructions from CFCL Australia
Expression of Interest Document Under Instructions from CFCL Australia Project Manager: Andrew Harris M:+61 420 973 217 E: andrew.harris@pickles.com.au EXPRESSION OF INTEREST (EOI SALE Offers are invited
More informationa short guide to The Right to Manage
a short guide to The Right to Manage CONTENTS Page 1 INTRODUCTION 2 commonhold & leasehold reform act 2002 Qualifying Conditions SETTING UP A RIGHT TO MANAGE COMPANY INVITATION NOTICE CLAIM NOTICE LANDLORD
More informationREAL ESTATE CERTIFICATES. The investment instrument for real estate projects
REAL ESTATE CERTIFICATES The investment instrument for real estate projects NOW, IT IS EASIER TO INVEST IN REAL ESTATE What is real estate certificate? It is an investment instrument structured to divide
More informationAEI Fund Management, Inc Wells Fargo Place 30 Seventh Street East St. Paul, MN (fax)
AEI Fund Management, Inc. 1300 Wells Fargo Place 30 Seventh Street East St. Paul, MN 55101 651-227-7733 651-227-7705 (fax) 800-328-3519 EXPLANATION OF IRS PRIVATE LETTER RULING ISSUED TO AEI ON MARCH 7,
More informationRev. Rul ISSUE(S)
26 CFR 301.7701 1: Classification of organizations for federal tax purposes. (Also: 671, 677, 761, 1031, 1.761 2, 301.7701 1, 301.7701 3, 301.7701 4.) Classification of Delaware statutory trust. This ruling
More informationFORM OSR D2.7 Version 4 Effective 8 July 2011
FORM OSR D2.7 Version 4 Effective 8 July 2011 Duties Act 2001 Section 95 Claim for transfer duty concession first home vacant land About this form Complete this form if you are acquiring vacant land where
More informationContract of Sale of Real Estate
Contract of Sale of Real Estate Vendor: Anthony Paul Smith and Lauren Ashlea Hollioake Property: 117 Canadian Lakes Boulevard, Canadian CONTRACT OF SALE OF REAL ESTATE Part 1 of the standard form of contract
More informationProperty / Land Questionnaire for In-Specie Transfer
Self-Invested Personal Pension SIPP Property / Land Questionnaire for In-Specie Transfer www.investaccpensions.co.uk Contents Section Personal Information About the Property / Land Transferring Scheme
More informationCo-Operatives. CPD January/February 2018
Co-Operatives CPD January/February 2018 Co-operatives A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through
More informationBank finance and regulation. Multi-jurisdictional survey. Scotland. Enforcement of security interests in banking transactions.
Bank finance and regulation Multi-jurisdictional survey Scotland Enforcement of security interests in banking transactions Andrew McGlyn Brodies, Edinburgh andrew.mcglyn@brodies.com 1 Part I types of security
More informationThe Fund is pleased to advise unitholders that it has entered into the following arrangements:
INVESTEC AUSTRALIA PROPERTY FUND Incorporated and registered in Australia in terms of ASIC (ARSN 162 067 736) Registered in terms of the Collective Investment Schemes Control Act No.45 of 2003 Operated
More informationFor personal use only
National RMBS Trust 2015-1 Issue Supplement - Series 2015-1 Dated 12 March 2015 Perpetual Trustee Company Limited (ABN 42 000 001 007) in its capacity as trustee of the National RMBS Trust 2015-1 in respect
More informationASX LISTING RULES Guidance Note 23
QUARTERLY CASH FLOW REPORTS The purpose of this Guidance Note The main points it covers To assist listed entities subject to the quarterly cash flow reporting regime in Listing Rules 4.7B and 5.5 and Appendices
More informationCONTRACT OF SALE OF REAL ESTATE 1
CONTRACT OF SALE OF REAL ESTATE * Part 1 of the form of contract published by the Law Institute of Victoria Limited and The Real Estate Institute of Victoria Ltd 1980. Property address:... The vendor agrees
More informationCommercial Property Price Indices for Greece
Commercial Property Price Indices for Greece Vasiliki Vlachostergiou, Theodore Mitrakos, Calliope Akantziliotou Real Estate Analysis Section Bank of Greece November 2015 1.1 Bank of Greece - Synopsis of
More informationA Model Ordinance Establishing a Local Government Tax Deferral Program for Recreational and Commercial Working Waterfront Properties
A Model Ordinance Establishing a Local Government Tax Deferral Program for Recreational and Commercial Working Waterfront Properties Submitted to Waterfronts Florida Partnership Program State of Florida
More informationFinancing Historic Theaters Historic Preservation Tax Credits
Financing Historic Theaters Historic Preservation Tax Credits Heritage Ohio Annual Revitalization and Preservation Conference October 6, 2015 Chad Arfons, McDonald Hopkins LLC Federal Historic Preservation
More informationThe result of your calculations is the Net Operating Income, or monthly cash flow BEFORE any mortgage payments.
CHEAT SHEET #6 NET OPERATING INCOME (IS YOUR RENTAL REALLY MAKING MONEY?) The Net Operating Income calculation is fairly straightforward. al income minus the expenses to own and operate the property equals
More informationCommonhold An opportunity for developers
Commonhold An opportunity for developers Contents Commonhold a starter for ten 2 The Commonhold law 2 The nuts and bolts of a Commonhold scheme 2 The pros and cons of Commonhold 3 Developer s control 3
More informationTenancy Deposit Scheme for Lettings Agents and Corporate Landlords Membership Rules
Who should read this? Key Documents Tenants Agents Landlords Tenancy Deposit Scheme for Lettings Agents and Corporate Landlords Membership Rules 12th Edition Effective from 2nd April 2018 Contents Definitions
More informationEITF ABSTRACTS. Title: Accounting for Changes That Result in a Transferor Regaining Control of Financial Assets Sold
EITF ABSTRACTS Title: Accounting for Changes That Result in a Transferor Regaining Control of Financial Assets Sold Issue No. 02-9 Dates Discussed: September 11 12, 2002; November 21, 2002; January 23,
More informationAMERICAN SOCIETY OF APPRAISERS. Procedural Guidelines. PG-2 Valuation of Partial Ownership Interests
AMERICAN SOCIETY OF APPRAISERS Procedural Guidelines PG-2 Valuation of Partial Ownership Interests I. Preamble A. Business valuation professionals are frequently engaged as independent financial appraisers
More informationMarket rent. The rationale and out approach. James Gibson Sovereign Housing
Market rent The rationale and out approach James Gibson Sovereign Housing Growth in demand Post credit crunch PRS thriving 2006-2013 PRS households rose from 3.4 to 4.8 million Projected growth of 1.03
More informationIncreasing the supply of Affordable Housing additional CGT discount and providing affordable housing through MITs
TaxTalk Insights Increasing the supply of Affordable Housing additional CGT discount and providing affordable housing through MITs 21 September 2017 In brief On 15 September 2017, Treasury released draft
More informationShort Sales. A Win Win Solution for Everyone Involved
Short Sales A Win Win Solution for Everyone Involved Prepared for: North American Title Company June 5, 2008 Prepared by: Ildiko Pali Real Estate Broker Short Sale Specialist 415 412 8721 (mobile) 415
More informationOpen Market Shared Equity Scheme
Open Market Shared Equity Scheme October 2017 Open Market Shared Equity Scheme The Open Market Shared Equity Scheme helps first time buyers on low to moderate incomes to buy a home on the open market (within
More informationInvestment Guide. home loans
Investment Guide home loans Your investment journey With the right finance solution, a property investment can build your wealth and improve your financial security. There are hundreds of thousands of
More informationENTRY INTO LIMITED LIABILITY PARTNERSHIP TO ACQUIRE 3 TUAS SOUTH AVE 4
(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2008 (as amended)) ENTRY INTO LIMITED LIABILITY PARTNERSHIP TO ACQUIRE 3 TUAS SOUTH AVE 4 1. INTRODUCTION Further to the
More informationFIRM ARTICLE ITALIAN LAW ON REAL ESTATE. Real estate matters are fundamentally regulated by the Civil Code.
FIRM ARTICLE May 9, 2012 ITALIAN LAW ON REAL ESTATE 1.1 Laws governing real estate in Italy. Real estate matters are fundamentally regulated by the Civil Code. 2.1 Legal restrictions on ownership of real
More information1 INTRODUCTION. 1.1 It is proposed that Lloyds Bank plc and Bank of Scotland plc (together, the Transferors )
SUMMARY OF THE PROPOSED SCHEME FOR THE TRANSFER OF PART OF THE BANKING BUSINESS OF LLOYDS BANK PLC AND BANK OF SCOTLAND PLC TO LLOYDS BANK CORPORATE MARKETS PLC 1 INTRODUCTION 1.1 It is proposed that Lloyds
More informationThe Right to Manage A short guide
The Right to Manage A short guide Real Estate Private Client Corporate Law CONTENTS Introduction 2 Commonhold & Leasehold Reform Act 2002 4 Qualifying conditions 4 Setting up a right to manage company
More informationAPPENDIX ONE FINANCIAL STATEMENTS
APPENDIX ONE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 CONTENTS Trust Directory 18 Auditor s Report 19 Statement of Financial Position 21 Statement of Financial Performance 22 Statement
More informationCHAPTER V: IMPLEMENTING THE PLAN
CHAPTER V: IMPLEMENTING THE PLAN A range of resources is available to fund the improvements included in the Action Plan. These resources include existing commitments of County funding, redevelopment-related
More informationACQUISITION OF PROPERTY BY NON-CITIZENS
GUIDELINES ACQUISITION OF PROPERTY BY NON-CITIZENS IMARA TRUST COMPANY (MAURITIUS) LIMITED GUIDELINES ACQUISITION OF PROPERTY BY NON-CITIZENS The Non-Citizens (Property Restriction) Act has been amended
More information