What is a REIT?Submitted by Foothills Financial Planning on September 15th, 2014
Have you ever wondered who owns the skyscrapers in America’s major cities? It’s not just Donald Trump. In fact, unless The Donald puts his name on it, chances are a REIT owns it. A REIT (rhymes with “tweet”) is simply a corporation that owns real estate. The acronym stands for Real Estate Investment Trust.