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Re: tolip_tej post# 23189

Saturday, 03/18/2017 12:23:42 PM

Saturday, March 18, 2017 12:23:42 PM

Post# of 38549
Also bear in mind that at least in the past AHIT was trying for REIT tax status, which requires most of revenue from rental and related income. The land deal they have would certainly fall under that. But they might have to give up on being a REIT if they acquire IBRC due to the sizeable non-rental, non-mortgage income. So I'm now thinking a very close partnership, not an acquisition, for tax reasons.