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 Code of Federal Regulations (Last Updated: July 5, 2024)
 Title 17 - Commodity and Securities Exchanges
 Chapter II - Securities and Exchange Commission
 Part 210 - Form and Content of and Requirements for Financial Statements, Securities Act of 1933, Securities Exchange Act of 1934, Investment Company Act of 1940, Investment Advisers Act of 1940, and Energy Policy and Conservation Act of 1975
 For Face-Amount Certificate Investment Companies

  § 210.12-24 - Real estate owned and rental income. 1  

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  • § 210.12-24 Real estate owned and rental income.1

    Cross Reference
    Link to an amendment published at 83 FR 50208, Oct. 4, 2018.
    Part 1 - Real estate owned at end of period Part 2 - Rental income
    Column A -
    List
    classification
    of property
    as indicated
    below23     		Column B -
    Amount of incombrances
    incumbrances     		Column C -
    Initial cost
    to company     		Column D -
    Cost of
    improvements,
    etc.     		Column E -
    Amount at
    which carried
    at close of
    period4567     		Column F -
    Reserve for
    depreciation     		Column G -
    Rents due and
    accrued at
    end of period     		Column H -
    Total rental
    income
    applicable
    to period     		Column I -
    Expended
    for interest,
    taxes, repairs
    and expenses     		Column J -
    Net income
    applicable
    to period
    Farms Residential Apartments and business Unimproved Total8
    Rent from properties sold during period
    Total

    1 All money columns shall be totaled.

    2 Each item of property included in column E in an amount in excess of $100,000 shall be listed separately.

    3 In a separate schedule classify by states in which the real estate owned is located the total amounts in support of columns E and F.

    4 In a footnote to this schedule, furnish a reconciliation, in the following form, of the total amount at which real estate was carried at the beginning of the period with the total amount shown in column E:

    Balance at beginning of period$
    Additions during period:
    Acquisitions through foreclosure$
    Other acquisitions
    Improvements, etc
    Other (describe)
    Deductions during period:
    Cost of real estate sold$
    Other (describe)
    Balance at close of period$

    If additions, except acquisitions through foreclosure, represent other than cash expenditures, explain. If any of the changes during the period result from transactions, directly or indirectly, with affiliates, explain and state the amount of any intercompany gain or loss.

    5 If any item of real estate investments has been written down or reserved against pursuant to § 210.6-2103(fd), describe the item and explain the basis for the write-down or reserve.

    6 State in a footnote to column E the aggregate cost for Federal income tax purposes.

    7 The amount of all intercompany profits included in the total of column E shall be stated if material.

    8 Summarize the aggregate amounts for each column applicable to captions 7 and 12 of § 210.6-2206(1) and 6-06(5)(a).

    [16 FR 348, Jan. 13, 1951, as amended at 16 FR 2655, Mar. 24, 1951. Redesignated at 45 FR 63679, Sept. 25, 1980; 83 FR 50208, Oct. 4, 2018]