Nareit Meets with the Chair of the Maryland Budget and Taxation Committee

07/19/2023 | by

On July 18, Maryland Senator Guy Guzzone (Howard County), Chair of the Budget and Taxation Committee, and Maryland Delegate Vanessa Atterbeary (Howard County), Chair of the Ways and Means Committee, met with Nareit President & CEO Steve Wechsler and Corporate Office Properties Trust President & CEO, Stephen Budorick at COPT’s headquarters in Columbia, MD. The group discussed the REIT industry’s contributions to Maryland’s economy and communities.

REITs in the Community — L to R: Nareit President & CEO Steve Wechsler, Maryland Senator Guy Guzzone, COPT President & CEO Stephen Budorick

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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.