REITs in the Community: DelBene visits AvalonBay Communities

10/21/2016

October 17, 2016 - Rep. Suzan DelBene (D-WA), middle, a member of the House Judiciary Committee, visited AvalonBay Communities' (NYSE: AVB) Avalon Esterra Park property in Redmond, WA. During the visit, she met with Brian Fritz, Senior Vice President, left, and Megan Hershberber, Sr. Portfolio Operations Director, right, who briefed the Congresswoman on the status of AvalonBay's investment in the Seattle region and the significance of the Esterra Park project in the ongoing redevelopment of the Overtake district of Redmond.

(Contact: Kirk Freeman at kfreeman@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.