REITs in the Community: Rep. Babin Visits Prologis

08/18/2022 | by

Aug. 16 – Rep. Brian Babin (R-TX) visited Prologis, Inc.'s (NYSE: PLD) Port Crossing Commerce Center, located in La Porte, TX. The Congressman, a member of the House Transportation & Infrastructure Committee and House Science, Space, and Technology Committee, toured a facility that is leased to MRC Global (NYSE: MRC), a leading distributor of pipe, valve and fitting products and services to the energy and industrial markets. Rep. Babin learned about Prologis’ status as the world’s largest industrial REIT and largest industrial landlord in the general Houston area.

For more information please contact Nareit's Steven Lowery, Director, Government Relations.

Companies:

Get Nareit Developments blog posts delivered straight to your inbox.

You Might Also Like...

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.