Europe’s smallest non-theocratic micro-state, Monaco, has no property taxes. However, like nearby Liechtenstein, be ready to pay. Monaco’s glistening shoreline and luxurious homes are a major goal of many high-achieving entrepreneurs, and legally avoiding property taxes helps make property ownership here even more attractive.
“This small European country (Monaco) is gaining popularity among real estate investors with its 0% property tax policy and breathtaking views.”
If you wish to rent out your Monaco property, there is a 1% tax, although it is payable by the tenant. Overall, Monaco maintains its important place among the list of countries with no property taxes — making it a continued favorite playground for the wealthy.
With the United States real estate corporate default rate likely to rise, a growing number of investors may be wondering what they should do if their real estate bond issuer is unable to repay its debts. Unfortunately, the answer isn’t always straightforward. There are, however, several things real estate corporate bond investors should know regarding real estate corporate bonds (and corporate bonds from companies in other industries besides real estate).
Reasons leading to a real estate corporate bond default may differ and can affect the restructuring and repayment process. What real estate corporate bond holders receive after the default and when they receive their payment can vary significantly. Recovery proceeds may come in different forms, including as a newly issued real estate corporate bond, cash, real estate investment trust stock, or some combination of the three, and the process can take anywhere from a few months to several years. Below we will discuss what investors need to know when a corporate bond they own defaults.
Why Invest In Real Estate Investment Trusts (REITs)?
The REIT approach to real estate investment offers a number of benefits to investment portfolios, including a history of competitive performance, liquidity, dividend-based income, diversification and transparency. REITs are total return investments. REITs are required by law to distribute each year to their shareholders at least 90 percent of their taxable income. Thus, REITs tend to historically be among those companies paying the highest dividends. The dividends come primarily from the relatively stable and predictable stream of contractual rents paid by the tenants who occupy the REIT’s properties.
Tanger Factory Outlet Centers, Inc. (SKT)
Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 39 upscale outlet shopping centers.
Tanger’s operating properties are located in 20 states and in Canada, totaling approximately 14.3 million square feet, leased to over 2,900 stores which are operated by more than 510 different brand name companies. The Company has more than 38 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 181 million shoppers annually.
Simon Property Group is a global leader in retail real estate ownership, management and development and an S&P 100 company. The REIT’s industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales.
Macerich, an S&P 500 company, is one of the country’s leading owners, operators and developers of major retail real estate. Its unparalleled portfolio comprises trophy properties in the most desirable, densely populated and highest-barrier-to-entry U.S. markets.