REITs in the Community: Rep. Mike Carey Visits Prologis

07/07/2023 | by

July 6, 2023 – Rep. Mike Carey (R-OH) visited Prologis’ (NYSE: PLD) facility in Groveport, OH, which is leased to The Kraft Heinz Company. The Congressman, a member of the House Ways & Means Committee, learned about Prologis’ growing presence in the greater Columbus area and the critical role the company plays in the nation’s supply chain infrastructure.

Contact: Robert Dibblee at rdibblee@nareit.com

Prologis Facility Group Photo — Rep. Mike Carey (R-OH) met with Prologis’ Columbus market team in Groveport, OH where he toured the company’s facility that is leased to The Kraft Heinz Company.

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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.