REITs in the Community: Higgins visits Life Storage

03/30/2017

March 27, 2017 – Rep. Brian Higgins (D-NY), right, met with Life Storage (NYSE: LSI) CEO David Rogers, left, in Buffalo, New York. Rogers provided Higgins, who is a member of the House Ways and Means Committee, with an update on the growth and evolution of the company and its deep roots in western New York. Using Life Storage as an example, Rogers also described how REITs are investing in communities, creating jobs and enabling average investors to access portfolios of income-producing real estate through the purchase of stock.

(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.