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07-24-2008, 11:09 AM
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What is a REIT?
What are REITs (Real Estate Investment Trusts)?
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07-24-2008, 12:48 PM
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Re: What is a REIT?
Nick-named REIT, a real estate investment organization which finds investors and buys real property and gives each investor either a percentage interest in the property itself or an interest in a loan secured by a mortgage or deed of trust on the property. Usually the loan is used to develop the property and build upon it, and then there is a division of profits upon sale--if there is a profit.
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