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11. Mezzanine financing reduces the stake of an equity holder. (True/False) 12. A REIT has to pay out at least % of taxable income in

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11. Mezzanine financing reduces the stake of an equity holder. (True/False) 12. A REIT has to pay out at least % of taxable income in dividends. 13. In addition to the players included in CMBS, what other player is involved in CRE CDOs? 14. What two parties negotiate and execute the intercreditor agreement? 15. is the number of countries in Europe that have legislation that allows REITs

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