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Trizec Hahn
Trizec Properties, Inc., previously known as TrizecHahn Corporation, was a real estate investment trust headquartered in Chicago, Illinois. It was originally a Canadian company. The name is derived from the initials of the three groups (Tri) that formed Trizec Properties Ltd: Zeckendorf, Eagle Star, and Covent Gardens. In 1994, it was acquired by Peter Munk and in October 2006, it was acquired by Brookfield Properties and The Blackstone Group. History Trizec was founded in 1960 by William Zeckendorf with British associates recapitalize the Place Ville Marie development in Montreal. In the 1970s, the Toronto branch of the Bronfman family acquired a 50.1% controlling interest in Trizec through its holding company, Edper Investments. The Bronfmans were also owners of Carena Properties, successor to the Canadian Arena Company. In the 1980s, Trizec acquired The Hahn Company. In 1984, Trizec acquired a controlling interest in Toronto-based property developer Bramalea Ltd. After adding ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Investment Trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. Most countries' laws on REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI. The key statistics to examine the financial position and operation of a REIT include n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |