A company that owns income-producing real estate such as an apartment complex or a retail shopping center is called a(n):

Question

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REIT stands for Real Estate Investment Trust, which is a company that owns and typically operates income-producing real estate or related assets. REITs allow investors to invest in a diversified portfolio of real estate with relatively low investment minimums, and they are required to distribute at least 90% of their taxable income to shareholders in the form of dividends. SIPC, REEF, EAR, and SPIC are not related to the ownership of income-producing real estate.

A Company That Owns Income-Producing Real Estate Such as an Apartment