REITs in the Community: McHenry visits American Tower and Boston Properties

05/15/2017

May 10, 2017 - Rep. Patrick McHenry (R-NC), second from left, visited the John Hancock Building in Boston, which is owned by Boston Properties (NYSE: BXP), and was briefed on the building and American Tower Corporation's (NYSE: AMT) numerous cell towers on the building's rooftop. He was hosted by, left to right, James Taiclet, American Tower chairman, president and CEO; Michael LaBelle, Boston Properties executive VP, CFO and treasurer; and Tom Bartlett, American Tower executive VP and CFO. Rep. McHenry is Chief Deputy Majority Whip in the House of Representatives and Vice-Chairman of the House Financial Services Committee.

(Contact: Robert Dibblee at rdibblee@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.