Global Definitions Database

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

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Super-Exempt US Investor

A public pension fund claiming an exemption from US federal income tax under US Code Section 115; not subject to unrelated business taxable income (UBTI) under US Code Section 511 because tax-exempt status does not derive from US Code Section 501(c); also generally exempt from annual reporting requirements that apply to exempt organizations.

Source: NCREIF | Date: 09 September 2025 | ID: D1501 | Version: 1