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Class REIT

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owl:Class

Real Estate Investment Trust. An investment trust owns and manages a pool of commercial properties and mortgages and other real estate asssets; shares can be bought and sold in the stock market. Real Estate Investment Trust or REITis a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income which may be taxable in the hands of the investors. The REIT structure was designed to provide a similar structure for investment in real estate mutual funds provide for investment in stocks. This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License

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REIT

Fund