One of the country’s most prominent baby boomers in the business world has aged very well.
Born 60 years ago in the U.S. with a handful of companies, the REIT structure is now a dominant force not only in American commercial real estate, but also now a vehicle that is employed globally.
The U.S. alone boasts 222 publicly-traded REITs, and IRS records show that about 1,100 listed and non-listed REITs pay taxes. And REITs now operate in 39 countries overall. Today, the market cap of the FTSE Nareit All REITs Index, the broadest index for equity and mortgage REITs in the U.S., stands at $1.1 trillion.
Read Full Article: bit.ly/36E1YyA
There are several contributing authors here.