Establishments primarily engaged in closed-end investments in real estate or related mortgage assets operating so that they could meet the requirements of the Real Estate Investment Trust Act of 1960 as amended. This act exempts trusts from corporate income and capital gains taxation, provided they invest primarily in specified assets, pay out most of their income to shareholders, and meet …
Examples: Mortgage investment trusts, Mortgage trusts, Real estate investment trusts (REIT'S), Realty investment trusts, Realty
