What are REITs?
Imagine owning a slice of a shopping mall, a luxurious hotel, or a bustling office complex – all without the hassle of property management or hefty down payments. That's the magic of REITs! These are essentially companies that own and operate income-generating real estate properties. They pool funds from investors and invest them in a diversified portfolio of real estate assets.
How REITs work
REITs function similarly to mutual funds. Investors purchase shares in the trust, essentially becoming partial owners of the underlying real estate portfolio. The trust then generates income through rent collected from tenants, which is then distributed to investors in the form of dividends. This allows investors to enjoy a steady stream of income without the direct responsibilities of property ownership.
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