AvalonBay, Equity Residential Earn REITPAC Awards

03/05/2018 | by

REITPAC is a political action committee established by Nareit to provide financial support to federal candidates supportive of the REIT and publicly traded real estate industry. AvalonBay (NYSE: AVB) received the 2017 REITPAC Teamwork Award and Equity Residential (NYSE: EQR) received the 2017 REITPAC Leadership Award. The REITPAC Teamwork Award recognizes the company that provided funds from the largest number of individuals during the year. The REITPAC Leadership Award is presented annually to the company whose employees contributed the most funds to REITPAC.

David Neithercut, president and CEO of Equity Residential, and Steve Wechsler, CEO and president of Nareit.

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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.