https://www.investopedia.com/terms/r/reit.aspReal Estate Investment Trust - REIT
What is a Real Estate Investment Trust - REIT
REITs (real estate investment trusts) were established by Congress in 1960 as an amendment to the Cigar Excise Tax Extension of 1960. They allow individual investors to buy shares in commercial real estate portfolios that receive income from a variety of properties, including apartment complexes, data centers, healthcare facilities, hotels, infrastructure (e.g., fiber cables, cell towers and energy pipelines), office buildings, retail centers, self-storage, timberland and warehouses.
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