Business / Taxes / Real Estate Investment Trust (REIT): REITs are publicly traded companies that pool investors' capital to invest in a variety of real estate ventures, such as apartment and office buildings, shopping centers, medical facilities, industrial buildings, and hotels. After an REIT has raised its investment capital, it trades on a stock market just as a closed-end mutual fund does. There are three types of REITs: Equity REITs buy properties that produce income. Mortgage REITs invest in real estate loans. Hybrid REITs usually make both types of investments. All three are income-producing investments, and by law 90% of a REIT's taxable income must be distributed to investors. That means the yields on REITs may be higher than on other equity investments.
Estate Noun Synonyms: property, holdings, domain, demesne, land, landed estate, manor, mansion
Real Adjective Synonyms: genuine, true, actual, authentic, verified, verifiable, legitimate, right, bona fide, official, legal, legitimate, licit, natural, valid, veritable
Trust Noun Synonyms: confidence, reliance, faith, conviction, certitude, certainty, sureness, positiveness, assurance, belief
Business / Taxes / Real Property Tax: A real property tax is a local tax on the value of real estate. The property may be assessed at full value, which is presumably the price that the owner could sell it for in the current market, or usi MORE
Business / Real Estate / Real Property Security: A guaranteed loan or a loan where the broker will assume payments. MORE