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Personal Finance and Investing

A HERETIC I AM

(24,647 posts)

6. According to their "About/Our Story" page, they were an LLC;

Reply to mopinko (Reply #5)

Fri Dec 9, 2022, 11:29 AM

Dec 2022

Iroquois Valley operates as a real estate investment trust (REIT). The company structure was approved through shareholder voting and took effect on December 31, 2016. Previously, Iroquois Valley operated as an LLC. The Company believes the REIT structure optimizes the long-term growth potential and plans of the business.

So yeah, it wasn't operating as a Real Estate Investment Trust till the end of 2016.

Interesting business model, if nothing else.

I'm happy if I was of some help.

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got a question about reits. [View all] mopinko Dec 2022 OP

I've only heard of one REIT that restricted trading of shares. A HERETIC I AM Dec 2022 #1

pretty much yeah, a small fund that i knew someone. mopinko Dec 2022 #2

I'm working 12 hour days right now, but I did get a quick look at it... (See below) A HERETIC I AM Dec 2022 #3

I have to offer a clarification to the above; A HERETIC I AM Dec 2022 #7

OK...had a chance to read the Offering Circular. A HERETIC I AM Dec 2022 #4

thx. it wasnt a reit when i bought it mopinko Dec 2022 #5

According to their "About/Our Story" page, they were an LLC; A HERETIC I AM Dec 2022 #6

it is. funny story mopinko Dec 2022 #8

Very cool! A HERETIC I AM Dec 2022 #9

i will. mopinko Dec 2022 #10