REITs in the Community: Lewis visits Simon Property Group

04/06/2018 | by

Apr. 3, 2018 - Rep. Jason Lewis (R-MN) visited the Twin Cities Premium Outlets in Eagan, MN, which are owned and operated by Simon Property Group (NYSE: SPG). Rep. Lewis is in his first term in Congress and serves on several House committees including Budget, Education & The Workforce, and Transportation & Infrastructure. During his visit, Rep. Lewis was briefed on the Outlet's operations and recent Simon activities in Minnesota and throughout the country. The Congressman also received an update on the Marketplace Fairness Act.

(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.