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The August survey focuses on three property subsectors: apartments, free standing retail, and shopping center retail. The results show gains made last month for retail have held steady for free standing and improved further for shopping centers.

Companies owning or financing real estate must meet a number of organizational, operational, distribution and compliance requirements to qualify as a real estate investment trust (REIT). These rules govern issues such as dividend distributions and the composition of a company's assets.

Stock exchange-listed REITs provide the easiest and most efficient way for all investors to invest in real estate.