What is a REIT?
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Our response:
Real Estate Investment Trusts, or “REITS,” are companies that own real estate. REITs typically own large-scale properties like office buildings, shopping malls, hotels, warehouses and apartments. Unlike other real estate companies, REITs typically do not develop real estate properties to resell, but rather purchase properties to own and often operate.
Speak with a registered financial representative for investment advice.