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Embassy Group is headed by Jitu Virwani, Chairman & Managing Director of the group. [2] [3] [4] Embassy also operates a real estate investment trust (REIT), called Embassy Office Parks REIT. [5] Embassy Office Parks is the first listed REIT in India and the Asia's largest office REIT by area. [5]
When a customer decides to use toll-free service, they assign a Responsible Organization (RespOrg) to own and maintain that number. The RespOrg can be either the IXC that is going to deliver the majority of the toll-free services or an independent RespOrg. [6] When a toll-free number is dialed, each digit is analyzed and processed by the LEC.
In order to become a REIT, the organization needs to be registered as a corporation, trust, or association; it needs to be run by one or numerous trustees or directors. [2] A taxable REIT subsidiary (TRS) is a directly or indirectly REIT-owned corporation that was cooperatively elected alongside the REIT to be managed as a TRS for tax reasons.
REITs were created in the United States after President Dwight D. Eisenhower signed Public Law 86-779, sometimes called the Cigar Excise Tax Extension of 1960. [12] [13] The law was enacted to allow all investors to invest in large-scale, diversified portfolios of income-producing real estate in the same way they typically invest in other asset classes – through the purchase and sale of ...
Tracking stock, also known as letter stock and targeted stock, [1] is a specialized equity offering issued by a company that is based on the operations of a defined business within the larger organization (such as, for instance, a wholly owned subsidiary of a diversified firm). Therefore, the tracking stock will be traded at a price related to ...
In May 2012, Dundee REIT and H&R REIT bought Scotia Plaza for $1.3 billion, the highest price ever paid for a Canadian office building. [5] In 2012, the company spun-off its industrial properties into a new company, Dundee Industrial REIT (later renamed Dream Industrial REIT). [6] Dundee Industrial held its $155 million IPO in September 2012.
In 2015, Equinix converted to a real estate investment trust (REIT) to gain tax advantages and add shareholder value. [6] That same year, it acquired the professional services company Nimbo. [25] In May 2015, Equinix said it would purchase the British company TelecityGroup, the largest acquisition in company history. [26]
W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. [1] The company is organized in Maryland, with its primary office in New York City.