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10275 Little Patuxent Parkway / Columbia, MD 21044 / (410) 992-6000 / www.therousecompany.com
Corporate profile
The Rouse Co., a real estate investment trust that is best known locally for its development of the planned community of Columbia, announced last month that it plans to convert to an umbrella partnership real estate investment trust (UPREIT) next year in order to facilitate future acquisitions. The UPREIT structure offers property owners are more attractive way to sell their property to Rouse because the sale can be done on a tax-deferred basis. The Columbia-based REIT's other projects this year have included a 30,000-square-foot addition to the …