AFII
Commercial real estate and investment assets
Real-Asset Ownership

REIT & Asset Trust Structures

Assessing ownership, governance and distribution arrangements around income-producing assets.

Understanding The Mandate

Are the proposed assets stabilised and what legal form can hold them responsibly?

Asset Management & Investment Platforms

A property or infrastructure portfolio may eventually be suited to ownership through a trust or other collective vehicle. The decision should begin with the assets and their cash flows, not with a preference for a particular legal wrapper. Tenancy quality, operating reserves, leverage and the nature of investor rights all influence what can be supported.

AFII's older published list refers to REIT and asset-trust structures. The present practice treats these as potential transaction and platform design tools, not as a claim that AFII operates a currently licensed REIT or has an offering open for subscription. Establishment and distribution require jurisdiction-specific regulatory, tax and legal advice.

The Issues That Matter

What The Structure
Needs To Address.

Each mandate needs a different balance of structure, commercial judgement and execution. These themes explain the practical issues that usually shape the work.

1

Test asset suitability

Recurring income, occupancy and maintenance expenditure need evidence beyond the gross valuation of the assets.

2

Choose an appropriate legal vehicle

Trust, company and regulated investment structures can have different ownership, tax and investor-protection consequences.

3

Design a sustainable distribution policy

Cash distributions should be considered after debt service, reserves, capex and the obligations of the asset-owning vehicle.

A Practical Perspective

Work From The
Underlying Facts.

Nothing replaces the review of contracts, financial information and the particular circumstances of the borrower, project or investment. Each engagement remains specific to the transaction, counterparties and jurisdiction involved.

Discuss This Requirement
From The Published Directory

Related Published References.

All Transactions

References are drawn from AFII’s published transaction directory. Some entries describe historical, proposed or confidential assignments; inclusion does not establish that every project reached financial close. Photographs are editorial illustrations, not authenticated project images.

Start With The Mandate

Tell Us About The
Business Behind It.

Whether the discussion concerns a project, operating company or investment structure, we begin with what the business needs to achieve and what information is available.