Section 3(c)(5)(C) of the Investment Company Act: A Practical Guide for Real Estate Fund Sponsors
Section 3(c)(5)(C) occupies a specific corner of the Investment Company Act of 1940, but for real estate fund sponsors, mortgage fund managers, and certain REIT structures, it represents one of the most consequential exemptions in the entire statute. Used correctly, it allows a vehicle primarily engaged in acquiring mortgages, liens, and interests in real estate […]