Tennessee Senator Blackburn Joins Nareit at Tanger Nashville

01/09/2024 | by

Sen. Marsha Blackburn (R-TN) visited Tanger Nashville, which is owned and operated by Tanger, Inc. (NYSE: SKT). Sen. Blackburn, a member of the Senate Finance Committee, was briefed on the center’s recent grand opening in 2023 and Tanger’s presence in 20 states across the country. The Tanger Nashville management team also briefed Sen. Blackburn on the 60 tenants that the center houses, as well as the large economic impact the center is expected to deliver to the Nashville region.

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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.