REITs revisited: growing prospects in the 1990s

Article Abstract:

Real estate investment trusts (REIT) are a steadily growing opportunity in the real estate market. REITs, which are necessarily corporations or organizations taxable as corporations, have the capacity to function as self-sufficient real estate management firms. Although this and other capacities are limited by certain tax conditions, the flexible capital structure of REITs, the transferability of REIT shares and the rising buyers' market make for viable investment opportunities.

Economic aspects, Real estate investment trusts

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Escalation claims and clauses

Article Abstract:

The remedies available to builders and contractors in cases of excessive increase in prices of materials that are to be used in an existing contract are discussed. Suggestions are also offered on drafting escalation clauses in construction contracts.

United States, Interpretation and construction, Construction contracts, Building, Escalator clauses

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