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An analyst gathers the following information about three publicly traded real estate securities:
| Security 1 | Security 2 | Security 3 | |
|---|---|---|---|
| Percentage of assets for sale, under development | 0 | 75 | 0 |
| Percentage of income derived from interest on mortgages | 90 | 5 | 75 |
| Percentage of taxable income distributed to shareholders | 90 | 100 | 50 |
Which of the following real estate securities most likely qualifies as a tax-advantaged REIT?