19. What is another form of external growth for a REIT? a. Leasing b. Management of property owned by the REIT c. Acquisitions d. All of the above 20. In talking about the history of commercial real estate in the US and subsequently REIT activity, what happened in 1981 with the Economic Recovery Act of 1981 enacted by Congress? a. the use of depreciation as a tax shelter was encouraged which caused an investment frenzy in real estate b. there was a flight to quality in investing in assets due to the deflationary environment c. All of the above d. None of the above 21. What happened to the REIT markets between 1991 and 1993? a. Bull Market b. Bear Market c. IPO Popularity d. None of the above 22. What happened in the REIT industry between 1993 and 1994? a. Bull Market b. Bear Market c. IPO Popularity d. None of the above 23. What happened to the REIT industry between 1998 and 1999? a. Bull Market b. Bear Market c. IPO Popularity d. None of the above