Intercapital Property Development ADSIC Company Description

Intercapital Property Development ADSIC operates as a special purpose real estate investment trust (REIT) for real estate securitization in Bulgaria.

Its investment projects include Marina Cape and Grand Borovetz. The company has elected to be taxed as REIT under the Internal Revenue Code.

As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of its REIT taxable income to its stockholders.

The company is based in Sofia, Bulgaria.