4 Billion More Dollars for Blackstone REIT: Univ of California Invests in Real Estate
What is a REIT?
A REIT, or Real Estate Investment Trust, is a type of investment vehicle that allows individuals to invest in a diversified portfolio of real estate assets. REITs typically own and operate income-generating real estate properties such as office buildings, apartments, shopping centers, and warehouses. They offer investors the opportunity to earn regular income streams from the rental income generated by these properties, as well as the potential for capital appreciation if the value of the properties increases over time. REITs are required to distribute at least 90% of their taxable income to shareholders in the form of dividends, which makes them an attractive investment for those seeking steady income.