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Public REITs

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Public REITs

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    Public REITs are REITs registered with the SEC.

     

    Public Listed REITs

    • Equity REITs own or operate income-producing real estate. The market and Nareit often refer to equity REITs simply as REITs.
    • Mortgage REITs (mREITs) provide financing for income-producing real estate by purchasing or originating mortgages and mortgage-backed securities and earning income from the interest on these investments.

    Public Non-Listed REITs (PNLRs): REITs that are registered with the SEC but whose shares intentionally do not trade on a national securities exchange.

    • NAV PNLRs, which comprise the majority of PNLRs marketed today, are permanent entities that provide shareholders with the regular ability to sell shares back to the REIT at the current Net Asset Value (NAV).
    • Life Cycle PNLRs are generally limited duration entities that generally do not provide opportunities for investors to sell shares until a major liquidity event at the end of the REIT’s “life cycle.”

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