Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.2 9/5/84; site leadsv.UUCP
Path: utzoo!watmath!clyde!cbosgd!ihnp4!zehntel!zinfandel!dual!amdcad!cae780!leadsv!morse
From: morse@leadsv.UUCP (Terry Morse)
Newsgroups: net.invest
Subject: Re: IRA's and REIT's
Message-ID: <321@leadsv.UUCP>
Date: Tue, 15-Jan-85 19:20:23 EST
Article-I.D.: leadsv.321
Posted: Tue Jan 15 19:20:23 1985
Date-Received: Thu, 24-Jan-85 19:31:28 EST
References: <36500005@convex.UUCP>
Organization: LMSC-LEADS, Sunnyvale, Ca.
Lines: 27

> 
> I am interested in acquiring some real estate investments in an IRA.
> It appears that the way to accomplish this is through Real Estate
> Investment Trusts (REIT's) or limited partnerships.  REITs have the
> advantage that they are traded on the major exchanges and hence are
> fairly liquid. That way, if the yield on a REIT drops or is out of
> line with the yield of other potential investments, I can sell the
> REIT.  With real estate limited partnerships, once you buy in, you're
> usually in for the life of the partnership.
> 
> Does anyone who has REIT's or limited partnerships in their IRA have
> any advice (pro or con) about either?  
> 
> Are there any REIT's that you find particularly attractive?
> 
> 
> 					John Golenbieski
> 					Convex Computer Corp.
> 					{allegra|ihnp4|uiucdcs}!convex!johng

I have a limited partnership called CCIP 2 in my IRA.  It is liquid insofar
as I can sell it once a year.  It has been set up exclusively for tax 
exempt investors, unlike most limited partnerships or REIT's.  It yields
9% per year minimum and distributes 75% of the profits.  The offering
closes in July of '85, and lasts for 10 years.  I wouldn't invest in a
conventional LP, since they are better suited for tax shelter and capital
gain.  I don't know much about REIT's, so I will give no advice on them.