Nareit Supports Bipartisan Effort to Boost Businesses Hardest Hit by the COVID-19 Crisis

05/11/2020 | by

Nareit supports a recently announced effort by U.S. Senators Michael Bennet (D-Colo.) and Todd Young (R-Ind.) to create a new RESTART loan program to support business continuity for the remainder of 2020. Loan forgiveness would be available under certain terms and conditions, but not for public companies.

The Bennet-Young plan also would make enhancements to the Paycheck Protection Program (PPP) to support restaurants and other deeply impacted businesses.

The RESTART Act aims to provide longer-term loans to businesses that are experiencing economic hardships due to the coronavirus pandemic.

(Contact: John Jones at jjones@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.