real-estate investment trust

American  

noun

1. an unincorporated trust created for the purpose of investing in real property or to extend credit to those engaged in construction. REIT

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Example Sentences

The Asia-focused real-estate investment trust is acquiring an additional one-third interest in Marina Bay Financial Centre Tower 3, making it the biggest shareholder in the building, which has a value of about US$1.12 billion.

From The Wall Street Journal

Analyst Vikram Malhotra at Mizuho Securities, which was one of the IPO’s lead underwriters, wrote in a note to clients that he likes the potential reward from buying the stock relative to the risks, due partly to the company’s plan to be both a landlord, as a real-estate investment trust, and a power generator.

From MarketWatch

And last month, real estate focused activist Land & Buildings reiterated a previous push for Six Flags to sell or spin out its real estate into a real-estate investment trust.

From The Wall Street Journal

Earlier, he was responsible for the billboard division — CBS Outdoor — morphing into a real-estate investment trust.

From Los Angeles Times

The following year, it sold hundreds of properties to a new, publicly traded real-estate investment trust, Seritage Growth Properties , for $2.7 billion.

From The Wall Street Journal