REIT Sectors

Office REITs are Equity REITs that own and manage commercial office properties and rent space in those properties to tenants. Some office REITs focus on specific types of markets, such as central business districts or suburban areas. Some emphasize specific classes of tenants, such as government agencies or biotech firms.

Industrial REITs are Equity REITs that own and manage industrial facilities and rent space in those properties to tenants. Some industrial REITs focus on specific types of properties, such as warehouses and distribution centers. Some industrial REITs concentrate on highly specialized fields, such as biochemistry and life sciences.

Retail REITs are Equity REITs that own and manage retail properties and rent space in those properties to tenants. Retail REITs include REITs that focus large regional malls. Other retail REITs focus on grocery-anchored shopping centers and power centers that feature big box retailers. Net lease REITs own freestanding retail properties and structure their leases so that tenants pay both rent and the majority of operating expenses for a property, including taxes, utilities and maintenance.

Lodging REITs are Equity REITs that own and manage hotels and rent space in those properties to tenants. Lodging REITs own different classes of hotels based on features such as the hotels’ level of service and amenities. Lodging REITs’ properties service a wide spectrum of customers, from business travelers to vacationers.

Residential REITs are Equity REITs that own and manage various forms of residences and rent space in those properties to tenants. Residential REITs include REITs that specialize in apartment buildings, student housing, manufactured homes and single-family homes. Some residential REITs specialize in different geographical markets or classes of properties.

Timberland REITs are Equity REITs that own and manage various types of timberland properties. Timberland REITs include REITs that specialize in harvesting and selling timber, home building and cellulose products.

Health care REITs are Equity REITs that own and manage a variety of health care-related properties and collect rent from tenants. Health care REITs’ property types include senior living communities, hospitals, medical office buildings and skilled nursing facilities.

Self-storage REITs are Equity REITs that own and manage storage facilities and collect rent from tenants. Self-storage REITs rent space to both individuals and businesses.

Infrastructure REITs are Equity REITs that own and manage industrial infrastructure properties and collect rent from tenants. Infrastructure REITs’ property types include data centers and telecommunications towers.

Data center REITs are Equity REITs that own and manage facilities that safely store data. Data center REITs offer a range of products and services to help keep servers and data safe, including providing uninterruptable power supplies, air-cooled chillers and physical security.

Diversified REITs are Equity REITs that own and manage a mix of property types and collect rent from tenants. For example, diversified REITs might own portfolios made up of both office and industrial properties.

Specialty REITs are Equity REITs that own and manage a unique mix of property types and collect rent from tenants. Specialty REITs own properties that don’t fit within the major REIT sectors. Examples of properties owned by specialty REITs include movie theaters and outdoor advertising sites.

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