REITs in the Community: Curbelo visits Simon Property Group

01/23/2017

January 17, 2017 - Rep. Carlos Curbelo (R-FL), left, visited the Dadeland Mall in Miami that is owned and operated by Simon Property Group (NYSE: SPG). Rep. Curbelo, a new member of the House Ways and Means Committee, received a briefing on the mall's activities by Director of Mall Marketing and Business Development Dailen Rodriguez, right. The mall's economic impact on the local community and an update on recent redevelopments to the property were discussed, as well as a brief mention of several legislative items facing the publicly traded real estate industry in the 115th Congress.

(Contact: Robert Dibblee at rdibblee@nareit.com)

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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.