NAREIT Launches New Website Highlighting Benefits REITs Bring to Hawaii

12/18/2015

NAREIT has launched a new website to inform Hawaii residents of the many benefits that REITs bring to their state.

The website, www.thereitwayhawaii.com, provides residents with a basic knowledge of how REITs and the REIT industry operate, highlights the variety of REITs that are active in their state, and offers a range of additional informational resources.

Among the many facts available on the website is that Hawaii boasts 80 REIT-owned properties with investments worth more than an estimated $11.3 billion. REIT-owned properties in Hawaii include needed workforce housing; Wet ‘N’ Wild Hawaii, one of Oahu’s top 10 most visited family attractions; and the Ala Moana Center, one of the most successful shopping centers in the world.

In both 2014 and 2015, the legislature in Hawaii considered and rejected legislation that would have repealed a REIT’s dividends paid deduction.

(Contact: Dara Bernstein at dbernstein@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.