REITs in the Community: Park Hotels & Resorts Visits Congressional Black Caucus

06/27/2019 | by

June 27, 2019 - At an event in Washington, D.C., Park Hotels & Resorts (NYSE: PK) CEO and 2018 Nareit Chair Thomas J. Baltimore, Jr. met with several members of the Congressional Black Caucus (CBC). During the discussion, Baltimore addressed the growth of the REIT and publicly traded real estate industry and the positive impact the industry has on local communities. Nareit staff provided an update on issues impacting the industry during the 116th Congress. Additionally, Baltimore and the CBC Members discussed the importance of enhancing real estate investment opportunitites for diverse investors in urban and rural areas.

(Contact: John Jones at jjones@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.