{"id":21502,"date":"2024-03-14T03:58:11","date_gmt":"2024-03-13T22:28:11","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=21502"},"modified":"2025-04-06T12:40:17","modified_gmt":"2025-04-06T07:10:17","slug":"small-medium-real-estate-investment-trusts","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/small-medium-real-estate-investment-trusts\/","title":{"rendered":"Small and Medium Real-Estate Investment Trusts"},"content":{"rendered":"<h2>About Small and Medium Real-Estate Investment Trusts<\/h2>\n<ul>\n<li>These are specialised real estate investment trusts that differ from conventional REITs in their scale and focus.<\/li>\n<li>Aim: To regulate the\u00a0fractional ownership industry and safeguard investor interests, incorporating both commercial and residential properties within the new framework.<\/li>\n<li>The minimum subscription size of this scheme unit\u00a0will be 10 lakh and treated as one unit.<\/li>\n<li>The SM REIT scheme requires a\u00a0minimum of 200 unit holders, excluding the investment manager, its related parties and associates.<\/li>\n<li>An investment manager responsible for setting up an SM REIT is required to have a net\u00a0worth of at least \u20b920 crore, and a separate trustee will be appointed for oversight.<\/li>\n<li>The micro REITs will be able to list with an asset value of at least Rs 50 crore and a maximum of Rs 500 crore.<\/li>\n<li>These funds are to be used for\u00a0acquiring and managing real estate assets, generating income for the investors.\u00a0<\/li>\n<li>The ownership of these assets will be structured through one or more schemes, each operating under\u00a0special purpose vehicles (SPVs).<\/li>\n<li>While traditional REITs primarily invest in large-scale commercial properties, such as office buildings and shopping malls, SM REITs concentrate on smaller and medium-sized properties with lower value.\u00a0<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1) What are Real Estate Investment Trusts (REITs)?<\/h3>\n<p>A REIT is a company that owns and typically operates income-producing real estate or related assets. They pool money from the investors and invest it in commercial real estate projects.These may include office buildings, shopping malls, apartments, hotels, resorts, self-storage facilities, warehouses, and mortgages or loans.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/economictimes.indiatimes.com\/news\/et-explains\/sm-reits-can-help-investors-bet-on-high-value-assets\/articleshow\/108473681.cms\" target=\"_blank\" rel=\"nofollow noopener\"><u>SM REITs can help investors bet on high-value assets<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small and Medium Real-Estate Investment Trusts are specialised real estate investment trusts that differ from conventional REITs in their scale and focus.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-21502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-upsc-prelims-current-affairs","7":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=21502"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21502\/revisions"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=21502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=21502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=21502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}