taxable REIT subsidiary
(2)The term “taxable REIT subsidiary” includes, with respect to any real estate investment trust, any corporation (other than a real estate investment trust) with respect to which a taxable REIT subsidiary of such trust owns directly or indirectly— (A)securities possessing more than 35 percent of the total voting power of the outstanding securities of such corporation, or (B)securities having a value of more than 35 percent of the total value of the outstanding securities of such corporation.