Use of institutional expertise: Real Estate Investment Trusts

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Use of institutional expertise: Real Estate Investment Trusts
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Real Estate Investment Trust Funds are one of the institutions which have the most expertise in assessing the real estate issues. You can invest in either those funds or the projects they developed.

Real estate investment trusts (REIT) are capital market institutions established which manage portfolios composed of real estates, capital market instruments, capital market instruments backed with real estate and real estate development projects. Similar to other financial investment trusts, they are established in the form of joint-stock corporations and they are legal entities. Their capital is registered and they issue shares. Their shares have to be issued in return for cash and quoted, traded and priced at a stock exchange. REIT's are exempt from the Corporation Tax which is quite an important incentive for their development.

The Association of Real Estate Investment Companies (GYODER) holds real estate summits since 2000. The seventh Real Estate Summit was held at Ciragan Palace in Istanbul on 25-26 April 2007, with increasing interest. The next summit will be held in Istanbul on 4-5 June 2008.

For further information on the system of REITs, please have a look at

www.cmb.gov.tr

www.gyoder.org.tr

The web addresses of the REITs in Turkey are presented below.