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For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.
Weingarten Realty Investors was a real estate investment trust that invested in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores. [1] In August 2021, the company was acquired by Kimco Realty .
SITE Centers was founded in 1965 by Bert Wolstein as Developers Diversified Realty, Inc. [2] After two years, the company built its first property, a KMart store in Eastlake, Ohio. [3] On February 12, 1993 Developers Diversified Realty, Inc. became a public company after making its initial public offering.
Form 1099-R, 2015. In the United States, Form 1099-R is a variant of Form 1099 used for reporting on distributions from pensions, annuities, retirement or profit sharing plans, IRAs, charitable gift annuities and Insurance Contracts.
REITs were created in the United States after President Dwight D. Eisenhower signed Public Law 86-779, sometimes called the Cigar Excise Tax Extension of 1960. [12] [13] The law was enacted to allow all investors to invest in large-scale, diversified portfolios of income-producing real estate in the same way they typically invest in other asset classes – through the purchase and sale of ...
The five largest REITs in the United States are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser. [1]The following is a list of notable publicly-traded real estate investment trusts based in the United States.
Nationwide Realty Investors is the company's real estate development arm and was involved with providing the land for a new soccer stadium in Columbus. [22] Nationwide sponsors the Major League Soccer club Columbus Crew, the other major-league sports franchise in town, and has appeared on the front of team shirts since 2020.
In 2014, the company acquired 2 shopping centers in Monmouth County, New Jersey for $161 million. [8] In 2015, the company acquired an 85% interest in The Shops at Sunset Place based on a property valuation of $110.2 million. [9] In 2016, the company was added to the S&P 500 Index. [10]