REITs in the Community: Westerman visits CNL Lifestyle Properties

10/12/2016

October 3, 2016 - Rep. Bruce Westerman (R-AR), middle, visited CNL Lifestyle Properties' Magic Springs amusement park in Hot Springs, AR. During the visit, the Congressman, a member of the House Budget Committee, was briefed by CNL executives on the park's contribution to the local economy. Additionally, the Congressman received an update on several REIT issues, including tax reform and the Department of Labor's Fiduciary Rule.

(Contact: Cathy Barre at cbarre@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.