Also known as low floater tax exempt bonds or tax exempt real estate
bonds. Originally used as a vehicle by which municipalities could encourage socially responsible investing in the apartment and industrial sectors. They are only available on new construction but are assumable. There are government reporting requirements associated with these low interest rate loans.
Global Definitions Database
Industrial Revenue Bonds
Source: NCREIF PREA Reporting Standards | Date: 29 April 2020 | ID: D0238 | Version: 2