Business Sector FAQs

 Sector 53: Real Estate and Rental and Leasing

Questions about this sector are provided below and apply to the Sector as a whole.

 Questions

• Sector Questions

1.  Which real estate and rental and leasing form should I use?
2.  Are real estate investment trusts in the RE Sector?
3.  Are operators of public performance facilities in the RE Sector?
4.  Should each automobile rental office report separately?

 Answers

• Sector Questions




1.  Which real estate and rental and leasing form should I use?

Please use the census form that you received. For most real estate and rental and leasing establishments, any RE-53xxx form can be used to report census information. Completing and returning the form you received will expedite your response. If necessary, use an "Other..." category available in many items (such as Item 19), and include any needed explanation of your response in the "Remarks" section available on most forms (after Item 29). If you need forms, please contact us.

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2.  Are real estate investment trusts in the RE Sector?

Yes. Some real estate investment trusts (or REITs) are included in the RE sector. Equity REITs are classified in RE based on the type of rent they receive or the type of property owned. For example, if an equity REIT owns an apartment complex for which they receive revenue, then they would be classified in sector 53 as NAICS code 53111010, and they should use a census form numbered RE-53160. However, mortgage REITs typically receive revenue from interest income and are classified in sector 52, Finance and Insurance. If REITs do receive another form, they should use the available "Other..." categories available in many forms (such as in Items 19 and 22) to report census data and include any needed explanations of their responses in the "Remarks" section available on most forms (after Item 29).

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3.  Are operators of public performance facilities in the RE Sector?

No. NAICS classifies establishments that organize, promote, or manage public events for the owners of public performance facilities in sector 71, Arts, Entertainment and Recreation, and they should use a census form numbered AE-71xxx. If a sector 71 establishment does receive another form, they should use the available "Other..." categories available in many forms (such as in Items 19 and 22) to report census data and include any needed explanations of their responses in the "Remarks" section available on most forms (after Item 29).

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4.  Should each automobile rental office report separately?

Not if the business operates a common automobile fleet, through several offices, in the same metropolitan area. In this situation, the office that controls all metropolitan area operations should be considered the census "establishment," and it should report consolidated information for all its metropolitan area operating locations (for example, airport and walk-in rental offices).

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