REITs in the Community: WP Glimcher in Ohio

05/13/2015

May 11, 2015 - During a brief meeting in Columbus, Ohio, Rep. Patrick Tiberi (R-OH), right, visited with WP Glimcher (NYSE: GRT) President & CEO Michael Glimcher. Glimcher provided an update on the company's recent development activities in Ohio and across the country. Tiberi, a member of the House Ways and Means Committee who has a background in real estate, was also briefed on several important legislative issues now before Congress, including the Marketplace Fairness Act and FIRPTA reform.

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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.