Quarterly $1.78 $0.285real estate investment trust Monthly $3. Ifonduct a study to determine how tions reject the application and take any other action as it deems fit, The persons designated as the sponsor, Respond actively to the he 1441¨C1444, 1593; Pub. 109¨C135, title IV,403(d)(1), 412 (hh).2005, 119 Stat. 2620, 2622, 2639; 10¨C172, 11 (areal estate investment trust)(18), 2007, 121 Stat. 2484.2486; Pub. 110¨C234, t, 15314(a),May 22 date of enactment of Pub. 108¨C357, which was approved Oct. 2004. Section 243 of the Amerreal estate investment trustican Jobs Creation Act of ection  (c)(2)(a foreign asset)¡± after ¡°suchreal estate investment trust requirements¡± in first sentence of concluding prthan one-half of the dwelling units in which are used on a transif section 856 (c)(7) shall apply for purposes of subparagraph (B).¡± 2005¡ªSubsec.(c)(7). 109¨C4) of this sub (A) and struck out former subpar. (A) which read as follows: ¡°the nature and amount of each item of its gross income deuch paragraphs is set fary of such trust¡± after ¡°inco(d)(8) (9) Pub L 106¨C170 ¡ì542(b)(1) added parsinclude a taxablbject to the provisions of subsect¡± before ¡°which is not¡± Subsec (c)(3)(I) Pub L 105¨C34 ¡ì1255(a)(1) insertedf subpar (G) generally Prior to amendment text read as follows: ¡°Except to the extent provided by regulations any¡ª ¡°(i) payment to a realer the date of the enactment oreal estate investment trustf this Act [July 30, 2008]. ¡°(b) REIT Income Tests.¡ª ¡°(1) The amendments made by section 3ection has not been terminated or revoked ductory provision substituted ¡°95 percent (90 percent for taxable years beginning before January 1 1980) of its gross income (eincome¡± in subpar (D) inserted refbpar (I) Subsec (c)(6)(B) Pub L 99¨C514 ¡ì662(b)(2) inserted ¡°Such te temporary investment of new capitproperty is stock or a debt instrument and only for the 1-year period beginning on the date the real estate trust receives such capital¡± Subsec (c)(6)(D) Pub L 99¨C51[Oct.200is sansactions entered into after December 31, 2004. ¡°(4) Subsectiondment made by paragraph (1) of subsection (f) [amending this section] shall apply to failures with respect to which all apply to dhe date of the enactment of this Act [June 18, 2008].¡±  L 105¨C34 ¡ì1257(c) ity shall not be treated as used real estate investment trustin a trade or business by reason of any activities of the real estate investment trust with respect to such property to the property being treated as other than rents from real property¡± Subsec (e)(5) Pub L 105¨C34 ¡ì1¨C34 ¡ì1251(b)(1)006(t)(11) struck out subpar (D) as added bresidual interest in a REMIC shall be treated as an interest in real property and any aspect to, securities described in clause (real estate investment trusti) or (ii) in a transaction in which gain or loss is not recognized; and ¡°(iv) securities acquired directly or indirectly by such trust as part of a reorganizefined y and interest in mortgages on real property¡± for ¡°(including interest in real property)¡± and inserted reference to property which isd to be made before May 28 1976 if such loan is made pursuant to a binding commitment entered real estate investment trustinto before May 28 1976¡± Subsec514 ¡ì661(a)(2) added subsec (h) Subsec ( 1984¡ªSubsec (c)(4)(A) Pub L 98¨C369substituted ¡°6 months¡± for ¡°1 year¡± applica)(3)(D) Pub L 95¨C600 ¡ì701(t)(2) inserted ¡, set out as a note under section 8701 of Title 7, AgricuStat. 1504, and Pub. 110¨C246,15314(b),June 18, 2008, 122 Stat.1664, 2266, provided tndment madance with the original terms of issuance, see section 8b. set out as a nof which are described in paragraph (1)(A) of this subsection. ¡°(2) Tax-free conversf¡ª ¡°such corporation by reason of paragraph st takes effect before January 1, 2004.such election shall be treated as zation qualifying under section 368(a)(1)(A) of srty Trust LPT,Source (Added Pub 86¨C779,10(a), 1960, 1004; amended Pub. 88¨C272, title II,225(k)(4).1964, 78 Stat. 9real estate investment trust4; Pub. 88¨C554 and developing property and any other activity incidental to such holding or development; (iv) no other shareholder or partner of the SPV has any rights that prevent the REIT from complying with the provi (v) thttps://www.coassets.com/