high transaction costs and low liquidity. low transaction costs and high liquidity. O low transaction costs and low liquidity. Question 18 There are a set of restrictive conditions that REITs must satisfy on an ongoing basis in order to maintain their special tax status. All of the following statements regarding the main restrictions are true except at least 100 investors must own a REIT's shares. no five investors can own more than 50 percent of a REIT's shares. at least 75 percent of the value of a REIT's assets must consist of real estate assets. 1 pts a REIT must distribute at least 75% of its taxable income to shareholders in the form of dividends