Real estate investment trusts (SIIQs)

Abate, Guido; Losa, Giuditta

doi:10.4324/9781315315201-5

Cited by 1 publication

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“…The following table lays out the main features of each of the two case models: the Neighbourhood Investment Trust (Nico) and the Mixed-Income Neighbourhood Trust (MINT), and compares them to the primary established models of community ownership -for-profit cooperatives, non-profit cooperatives, and land trusts. (Pachai, 2016). Trustees of a REIT hold legal title to the properties, while unitholders hold beneficial interest in the properties (Pachai, 2016).…”

Section: Analysis Overview: Community Ownership Of Real Estate Modelsmentioning

confidence: 99%

“…(Pachai, 2016). Trustees of a REIT hold legal title to the properties, while unitholders hold beneficial interest in the properties (Pachai, 2016). There is also a subset of REITs -referred to as social purpose REITs -that have social objectives, such as preserving affordable housing (Sgro, 2017).…”

Section: Analysis Overview: Community Ownership Of Real Estate Modelsmentioning

confidence: 99%

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Preventing Commercial Displacement in Gentrifying Neighbourhoods in Toronto through Community Ownership of Real Estate

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2024

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Commercial spaces are critical components of neighbourhood vibrancy and identity. Small brick-and-mortar businesses, particularly those in racialized and economically disenfranchised neighbourhoods, are at risk of displacement due to many factors including the impacts of the COVID-19 pandemic, the rise of e-commerce and online shopping, and increasing commercial real estate prices, rents, and property taxes. This paper considers community ownership of real estate as a tool to protect small businesses in gentrifying neighbourhoods in the City of Toronto. It does so by exploring two new community ownership models from the United States – Nico Echo Park and the Mixed Income Neighbourhood Trust. The analysis uncovers the operational, financial, and legal structures of these new models, as well as their stated goals and underlying assumptions, in order to determine if they could be appropriate and effective tools to provide more security of tenure to vulnerable businesses in the City of Toronto.

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Section: Analysis Overview: Community Ownership Of Real Estate Modelsmentioning

confidence: 99%

Section: Analysis Overview: Community Ownership Of Real Estate Modelsmentioning

confidence: 99%

Preventing Commercial Displacement in Gentrifying Neighbourhoods in Toronto through Community Ownership of Real Estate

Fader

2024

Preprint

View full text Add to dashboard Cite

show abstract

Real estate investment trusts (SIIQs)

Cited by 1 publication

References 0 publications

Preventing Commercial Displacement in Gentrifying Neighbourhoods in Toronto through Community Ownership of Real Estate

Preventing Commercial Displacement in Gentrifying Neighbourhoods in Toronto through Community Ownership of Real Estate

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