Relevant Parties of REIT
Trustee
with important Duties and Responsibilities
- Ensures that the REIT Manager manages the REIT in accordance with the Trust Deed.
- Accounts assets which belong to the REIT separately from the Trustee’s assets. And oversees all transactions occurred at the REIT level.
- Attends unit holders meeting and provide opinions when the REIT Manager seeks resolution on whether certain matters are in accordance with the Trust Deed.
- Organizes a meeting with unit holders to seek resolutions when selecting a new REIT Manager (in case a change in REIT Manager is required).
REIT Manager
with important Duties and Responsibilities
- Submits an application of public offering with the SEC.
- Determines the REIT operation and investment strategies.
- Invests and seeks benefits from real estate.
- Manages the REIT in accordance to the Trust Deed and relevant codes.
- Calculates and discloses the value of real estate in the REIT and the value of the REIT unit.
- Maintains real estate in a condition suitable to seek benefits.
- Determine dividend payment.
- Organizes an annual meeting and any requested by the unit holders.