20-24A Condition for a REIT to Be Able to Sell

Multiple Choice

20-24.A condition for a REIT to be able to sell its real estate property is:

A) It has held the property for at least five years
B) during the four-year period prior to the sale it must have incurred capital expenditures on the property in excess of 25% of its sales price
C) it must have sold more than five properties during the same year
D) it must have acquired property through a foreclosure