CapitalSource Inc., Chevy Chase, Md., has announced that it will elect to be taxed as a real estate investment trust for the year beginning Jan. 1, 2006.The company also reported a modification of its reserve policy that increases its allowance for loan losses to 1.42% in the third quarter. "To our minds, this is the most efficient corporate structure in which to operate our business because it allows us to hold a significant portion of our assets in a more tax-efficient manner," said John Delaney, CapitalSource's chairman and chief executive officer. The company can be found online at http://www.capitalsource.com.
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