Real Estate Investment Trust. An alternative to owning a property.
A real estate investment trust is also known as an REIT. Although the definition of a trust refers to the position of trustee, an individual responsible for financial transactions on behalf of another, it is the combined term investment trust that truly defines an REIT. It is, in its truest form, a tax designation for a corporation investing in real estate that actually may serve to reduce or even altogether eliminate corporate income tax.
Posted by Danny Ko on Wednesday, March 24, 2021
