REITs in the Community: Murphy Visits Crown Castle

08/21/2015

Tim Murphy and Crown Castle representatives

Aug. 17, 2015 – On a recent visit to Pittsburgh, Rep. Tim Murphy (R-PA), a senior member of the House Energy & Commerce Committee, visited the local office of Crown Castle International Corp. (NYSE: CCI). During his visit, Murphy met with more than 70 Crown Castle employees and addressed issues now pending before Congress that could impact Crown Castle and the REIT industry.

Pictured (left to right): Tom Bone, vice president, Crown Castle; Murphy; Monica Gambino, vice president – legal, Crown Castle; and Pat Slowey, senior vice president and chief commercial officer, Crown Castle.

(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.