REITs are open-end investment companies that invest in real estate.

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REITs (Real Estate Investment Trusts) are companies that own, operate, or finance income-producing real estate, but they are not classified as open-end investment companies. Open-end investment companies are mutual funds that do not have a fixed number of shares; they issue new shares to investors who wish to buy and redeem shares from investors who wish to sell. REITs, on the other hand, typically operate with a fixed number of shares and are traded on major stock exchanges like other publicly traded companies.

REITs Are Open-End Investment Companies That Invest in Real Estate