Real Estate Investment Trusts (REITs)
As trustee, Pacific Trustees ensures that REIT assets are managed in the best interest of unit holders, fully complying with relevant laws and regulations.
Our Role as Custodian:
- Asset Registration: All REIT assets are registered in the Trustee’s name.
- CDS Accounts: We open CDS accounts for listed shares/bonds in our name
- Document Custody: We securely store all REIT documents.
- Insurance Oversight: We align insurable amounts with valuation reports.
- Account Signatory: We manage key accounts, including Trust Income, Distribution, Unclaimed Money, and CDS Accounts.
Why Choose Us?
We are equipped with a robust procedural manual and experienced resources to enhance REIT operations.
Pacific Trustees acts as custodian of the REIT assets:
- All assets must be registered in the name of the Trustee.
- For listed shares/bonds where certificates are not issued, the Central Depository System (CDS) accounts must be opened in the name of Pacific Trustees.
- Trustee is a party to all documents and must therefore ensure that all original documents are in its custody.
- Trustee must ensure the insurable amounts commensurate with valuation reports
- Trustee is the sole signatory to these accounts:
Trust Income account
Distribution account
Unclaimed Money account
CDS account and scripless securities trading account
Pacific Trustees is equipped operationally with an effective procedural manual and efficient resources to support and enhance any REIT.
