Cohen & Steers has acquired a shopping center in Virginia through a Delaware statutory trust (DLC) structure, according to a filing.
The transaction was executed via a Delaware statutory trust, a common vehicle for real estate investment trusts (REITs) to hold properties while benefiting from pass-through tax treatment. Financial terms of the acquisition were not disclosed.
The shopping center, located in Virginia, adds to Cohen & Steers' portfolio of income-generating real estate assets. The firm specializes in real estate securities and manages assets across multiple property sectors, including retail, office and multifamily.
Delaware statutory trusts are frequently used in commercial real estate to facilitate fractional ownership and simplify tax reporting for investors. This structure allows investors to hold direct beneficial interests in property while avoiding corporate-level taxation.
