Real estate investment trust
A Real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.
Quotes
[edit]- As existing markets expand and REIT-like structures are introduced in more countries, we expect to see the overall market grow by some ten percent per annum over the next five years, taking the market to $1 trillion by 2010.
- Olympia Capital Research (2010)
- This transaction is truly a win-win. It helps maintain affordability in the assets, and, at the same time, the proceeds generated from the transaction strengthen the REIT's position to further increase housing supply across the country as we invest in our existing portfolio and new purpose-built rental developments.
- Jonathan Li, president and CEO of Minto Apartment REIT according to Ottawa Community Housing acquires 311 townhomes in Nepean (January 09, 2024)
