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REITS & Expanding Asset Types | Taxation Brief

REITS & Expanding Asset Types

National Real Estate Investor:

Recent additions to the REIT structure include billboards and related sign superstructures, floating gaming facilities, racking/shelving for computer servers and document storage, cell towers and electricity transmission lines. Beyond those, experts see potential in a number of assets that could be classified as real property such as railroad tracks, farmland and sporting venues such as arenas and ballparks.

As a part of this broadening of asset types that are considered real property, the IRS seemingly tries to determine an entity’s intent as to wether a particular asset is personal or real property.