REITs in the Community: PSB's Hawthorne meets with Rep. Chu in California

04/19/2019 | by

(L-R) Congresswoman Judy Chu (D-CA) and Maria R. Hawthorne, CEO and president, PS Business Parks.

Maria R. Hawthorne, CEO and president, PS Business Parks, recently met with Representative Judy Chu (D-CA), a member of the Committee on Ways and Means, the tax-writing committee of the United States House of Representatives. They met in the congresswoman’s Pasadena, CA, district office to discuss the positive role REITs serve in enhancing real estate and job opportunities across California and the United States.

Additionally, the two discussed the importance of reauthorizing the Terrorism Risk Insurance Act (“TRIA”), a key Nareit priority.

(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.