1138301--3/26/2007--CORPORATE_PROPERTY_ASSOCIATES_15

related topics

{investment, property, distribution}

{tax, income, asset}

{loss, insurance, financial}

{stock, price, share}

{property, intellectual, protect}

{interest, director, officer}

{loan, real, estate}

{provision, law, control}

{personnel, key, retain}

{cost, regulation, environmental}

We may have difficulty selling or re-leasing our properties. Our success is dependent on the performance of the advisor. The advisor may be subject to conflicts of interest. We have limited independence from the advisor. Potential liability for environmental matters could adversely affect our financial condition. Failure to qualify as a REIT would adversely affect our operations and ability to make distributions. We face competition for acquisition of properties. The inability of a tenant in a single tenant property to pay rent will reduce our revenues. The bankruptcy or insolvency of tenants may cause a reduction in revenue. We may recognize substantial impairment charges on our properties. Our leases may permit tenants to purchase a property at a predetermined price, which could limit our realization of any appreciation or result in a loss. We may suffer uninsured losses. Our use of debt to finance investments could adversely affect our cash flow and distributions to shareholders. A potential change in United States accounting standards regarding operating leases may make the leasing of facilities less attractive to our potential domestic tenants, which could reduce overall demand for our leasing services. Your investment return may be reduced if we are required to register as an investment company under the Investment Company Act. The returns on our investments in net leased properties may not be as great as returns on equity investments in real properties during strong real estate markets. Our distributions may exceed our earnings. Dividends payable by REITs generally do not qualify for reduced U.S. federal income tax rates because qualifying REITs do not pay U.S. federal income tax on their net income. Possible legislative or other actions affecting REITs could adversely affect our REIT qualification and our shareholders. The ability of our board of directors to change our investment policies or revoke our REIT election without shareholder approval may cause adverse consequences to our shareholders. Maryland law could restrict change in control. Shareholders equity may be diluted There is not, and may never be, a public market for our shares, so it will be difficult for shareholders to sell shares quickly. There are special considerations for pension or profit-sharing trusts, Keoghs or IRAs. Our participation in ventures with others creates additional risk. We do not fully control the management for our properties. Our net asset value is based on information that the advisor provides to a third party. We may incur costs to finish build-to-suit properties.

Full 10-K form ▸

1138301--3/26/2007--CORPORATE_PROPERTY_ASSOCIATES_15_INC