Question: Which statement correctly characterizes REITs after the Tax Reform Act of 1 9 8 6 ? Multiple choice question. REITs began outsourcing the property management

Which statement correctly characterizes REITs after the Tax Reform Act of 1986?
Multiple choice question.
REITs began outsourcing the property management functions.
REITs became more horizontally integrated.
Regulations for REIT property management services became more restrictive.
REITs became vertically integrated operating companies.

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