FAQs: Real Estate Holding Company

1. The real estate holding company in which I have a financial interest is a limited liability company for holding and managing my family’s rental house at the beach. How do I value this interest if I and my 3 siblings own it equally?

Report only the value of your share, not the overall value of the house. You may use a current assessment of the value of the house or a good faith estimate of its value.

2. The real estate holding company in which I have a financial interest is a company that owns an apartment building in Washington, DC. How do I describe this fund?

In Block A, provide the full name of this entity and describe the nature of the holdings as “apartment building in Washington, DC.”

3. The company in which I have a financial interest does not hold any real estate. Instead, it manages apartment buildings throughout Miami. How do I describe this fund?

In Block A, provide the full name of this entity and describe the nature of the holdings as “apartment building management services.”

4. The real estate holding company in which I have a financial interest owns or operates a farm. How do I report this interest?

This guide contains instructions for reporting farms. Click here to read these instructions.

5. The real estate holding company in which I have a financial interest is a private equity fund that invests in commercial real estate in Baltimore, Maryland. How do I describe this fund?

In Block A, provide the full name of this entity and describe the nature of the holdings as “commercial real estate in Baltimore, MD.”

6. The real estate holding company in which I have a financial interest is a private equity fund that invests in various underlying assets, most of which are related to real estate. Which of these underlying assets do I identify in my financial disclosure report?

If this private equity fund qualifies as an “excepted investment fund” (EIF), identify only the private equity fund itself in Block A and mark the “Excepted Investment Fund” column.

If this private equity fund does not qualify as an “excepted investment fund,” identify the private equity fund in Block A. Also identify, as a separate line item in your financial disclosure report, each underlying asset that meets the dollar threshold for reporting. The dollar threshold for reporting is either $1,000 in value or $200 in income. For each underlying asset, follow the instructions in this guide for that type of asset and, where applicable, indicate whether the underlying asset is itself an excepted investment fund by marking the “Excepted Investment Fund” column when applicable.

7. The real estate holding company in which I have a financial interest is not an investment fund, but it is a publicly traded security that is listed on a national United States exchange (e.g., NYSE). How do I report this company?

In Block A, provide company’s name and, if possible, the ticker symbol. In Block B, provide the value of your interest by marking the appropriate column. In Block C, provide the income that this asset produced during the reporting period by marking the appropriate “Amount” column. If the amount of income is more than $200, indicate the type of income by marking the appropriate “Type” column(s).

 

This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.

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