Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Industrial Revenue Bonds

Also known as low floater tax exempt bonds or tax exempt real estate
bonds. Originally used as a vehicle by which municipalities could encourage socially responsible investing in the apartment and industrial sectors. They are only available on new construction but are assumable. There are government reporting requirements associated with these low interest rate loans.

Source: NCREIF PREA | Date: 29 April 2020 | ID: D0238 | Version: 2