REITs to Help Gov't, Banks Sell Assets

Economy Minister Ehsan Khandouzi says the government will make use of real estate investment trusts (REITs) to reactivate its unproductive assets. 
"REITs can help make best use of government assets in creating resources for funding economic sectors and address the anxiety of homebuyer over rising property prices," Khandouzi was quoted as saying by SENA.
Khandouzi was speaking at a ceremony marking the beginning of secondary trade of REITs at the Securities and Exchange Organization (SEO) in Tehran on Saturday.
He called on the state-owned banks to make use of REITs for selling their extra assets.