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of <h1>New Code of Conduct for REITs: Prioritize Unit Holders, Ensure Transparency, Avoid Conflicts, Maintain High Ethical Standards.</h1> The Code of Conduct for Real Estate Investment Trusts (REIT) and associated parties mandates that all activities prioritize the interests of unit holders. It requires transparent and timely disclosure of material information to stakeholders and emphasizes avoiding conflicts of interest while ensuring fair treatment if unavoidable. Fees must be reasonable, and investment decisions should align with stated objectives. Ethical standards must be upheld, prohibiting unethical sales practices, with managers held accountable for third-party actions. High standards of service, diligence, integrity, and fairness are required, and exaggerated claims about capabilities are prohibited. REIT and associated parties are liable for their actions to unit holders.
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