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FIRST UNION REAL, (FUR) Stock Research Free Stock Rating
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First Union Real Estate Equity and Mortgage Investments engages in the ownership and management of, and lending to, real estate and related investments. As of June 30, 2004, the companys properties included an office building located in Indianapolis, Indiana. It also provides financing to real estate, and related assets and companies. The company qualifies as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, the company would not be subject to the federal income tax to the extent it distributes at least 90% of its net taxable income, excluding capital gains to its share holders. First Union Real Estate Equity is based in Boston, Massachusetts.
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