Corridor intends to manage REITs that acquire infrastructure assets. Financing such as a triple net lease agreement between the REIT and the operating company will provide our investors stable, risk-adjusted distributions.
Infrastructure REIT
As one of the first to manage an energy infrastructure REIT, we are excited to bring to market this innovative vehicle for infrastructure investment. Real Estate Investment Trusts (REITs) have been used as financing structures since 1960, when Congress created the vehicle to make the growing market of large-scale real assets accessible to a larger pool of investors. The REIT market has experienced notable growth over the last ten years, and in January 2011 registered REITs had an equity market capitalization of $389 billion.
In 2007, 2009 and 2010 the IRS published a series of three private letter rulings that designated energy related infrastructure (including electric transmission and distribution, storage, terminal and pipeline facilities) as REIT-qualifying assets.
Although other infrastructure assets qualify for inclusion in a Real Estate Investment Trust, Corridor is currently focused on energy assets: electric transmission and distribution, and qualifying oil and gas facilities.
REIT Qualifying Infrastructure Assets