Maryland State Representatives, Nareit Meet at VICI’s MGM National Harbor

12/08/2023 | by

Maryland delegates with REIT industry reps — (L-R): Cameron Lewis, VP, associate general counsel, VICI; Maryland State Senator Anthony Muse (D-District 26); Maryland State Delegate Kriselda Valderrama, deputy majority leader, Maryland House of Delegates (D-District 26); Maryland State Delegate Jamila Woods (D-District 26); and Steve Wechsler, CEO, Nareit.

On Dec. 5, Maryland State Senator C. Anthony Muse (D-District 26), Maryland State Delegate Kriselda Valderrama (D-District 26), and Maryland State Delegate Jamila Woods (D-District 26) met with representatives of VICI Properties, MGM Resorts International, and Nareit at VICI’s MGM National Harbor in Prince George’s County, Maryland. During the visit, the group discussed the contributions by VICI to the local community and Maryland more broadly.

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.