Question 64 (1 point)

Which of the following REIT types is NOT likely to own real property?

Question 64 options:

a)	Hybrid REIT

b)	Mortgage REIT

c)	Equity REIT

d)	All of the above

Question 65 (1 point)

The funds from operations (FFO) for a REIT is roughly equal to:

Question 65 options:

a)	NOI less interest deductions

b)	Earnings before tax plus noncash expenses

c)	NOI plus interest deductions

d)	Earnings per share plus capital gains

Question 66 (1 point)

One of the key reasons for institutional investors to NOT invest in real estate is:

Question 66 options:

a)

Returns

b)	High Cash Flows

c)	Inflation Hedge

d)	Very Illiquid

Question 67 (1 point)

The 1974 ERISA legislation caused pension funds to consider investing in real estate because the legislation encouraged investing in:

Question 67 options:

a)	affordable housing

b)	diversified assets

c)	high return investment vehicles

d)	commodities

Question 68 (1 point)

The two general categories of real estate investment funds are known as Commingled Funds and _______________ Accounts.

Question 68 options:

a)	Investment

b)

Separate

c)

Equity

d)	None of the above

Question 69 (1 point)

Commingled Funds are designed to provide investment management for just one institutional investor.

Question 69 options:

	a) True
	b) False

Question 70 (1 point)

Saved

When a real estate investment fund manager is given unlimited investment authority, the manager is known to have:

Question 70 options:

a)

promote

b)

patience

c)	discretion

d)

the money