REITs in the Community: Dold Visits General Growth Properties

10/06/2015

October 5, 2015 -- Rep. Robert Dold (R-IL), second from left, visited the Northbrook Court regional mall, owned and managed by General Growth Properties (NYSE: GGP), located in Northbrook, Illinois. Dold, a member of the House Ways and Means Committee, toured the property and was briefed on the property's economic contribution to the local community. He was updated on the latest developments regarding the Marketplace Fairness Act and the need for Congress to adopt the legislation this year. Rep. Dold is pictured with, from left to right, Brian Lee, senior operations manager, Northbrook Court; Caryn N. Torres, senior general manager, Northbrook Court; and Jill Nolte, director, leasing, GGP.

(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.