Labor Department Issues Final Fiduciary Rule on Investment Advice

04/08/2016 | by

The Department of Labor (DOL) on April 6 released the final version of its new rule imposing a fiduciary standard on investment advice related to retirement savings.

NAREIT is currently analyzing the complex DOL Fiduciary Rule to assess its impact on REITs, REIT sponsors and investors. It appears that the DOL Fiduciary Rule includes important modifications, including some sought by NAREIT's Public Non-listed REIT (PNLR) Council.

(Contact: Victoria Rostow at vrostow@nareit.com)

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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.