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Corrections Corporation of America Message Board

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  • flipper_58 flipper_58 May 13, 1999 11:00 AM Flag

    The last time I posted .......

    We have deabted the REIT status issue a lot of
    this message board as past post will explain. IN a
    nutshell as I understand.

    *As the letter of the law
    goes the structure fits in the rules of income
    test(only 75% of the income to a REIT need be pure lease),
    asset tests, etc. to quailfy as a REIT.

    *PZN
    s/H's only owns less then 10% of CCA private opco. Thus
    not legal control.

    *This structure as many of
    present day REIT's, with their private service Corps.,
    could be under the IRS fire anytime.

 
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