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New York's Columbia University, the place Obama went to varsity, provided prime real property on its new campus growth in West Harlem.
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To be integrated as a REIT in the United States, an actual estate company must pay out yearly at the very least 90% of its taxable earnings to its shareholders as dividends.
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However unfortunately, California's municipal and public school financing techniques are kind of messed up given the property tax caps that home-proudly owning voters gave themselves below 1978's Proposition thirteen after which the requirement of a majority vote for any new income-generating charges or taxes beneath 1996's Proposition 218.