REITs in the Community: Simon in New York

07/06/2015

Kathleen Rice at Roosevelt Field

July 1, 2015 - Rep. Kathleen Rice (D-NY), second from right, visited Simon Property Group, Inc.'s (NYSE: SPG) Roosevelt Field mall in Garden City, N.Y., which is in the middle of a major redevelopment. Rice was briefed on the progress of the redevelopment while touring the property with Deborah Weber (far right), Nancy Gilbert (second from left) and Jennifer Flood (far left) of the mall's management team. Among other things, Rice, who is a member of the Committee on Homeland Security and the former Nassau County District Attorney, was briefed on Simon's coordination with state, local and federal law enforcement agencies on a range of security and emergency preparedness initiatives.

(Contact: Kirk Freeman at kfreeman@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.