Happy New Year Edyboom!There actually is no magic REIT status moment, except for March 15th when corporations need to file their taxes. ROIC will simply file a Form 1120-REIT and continue to operate accordingly.http://www.irs.gov/pub/irs-pdf/f1120rei.pdfNow, if they were to some how not meet the necessary requirements, the IRS would tax / fine them on the disqualifying income. Give the experience and history of the management team, I'm not anticipating that this will be a problem.If ROIC were to some how fumble the ball, I would definitely stop saying such glowing things about Stuart Tanz, and advise him to stop hanging out with Suzanne Somers : http://thesocialdiary.com/images/kids%20korps%202007%20(36)....Cheers,Andy L-C (TMFAloha)http://www.twitter.com/TMFAloha*x-post
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