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real-estate investment trust
noun
an unincorporated trust created for the purpose of investing in real property or to extend credit to those engaged in construction. REIT
Example Sentences
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.
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.
Earlier, he was responsible for the billboard division — CBS Outdoor — morphing into a real-estate investment trust.
The following year, it sold hundreds of properties to a new, publicly traded real-estate investment trust, Seritage Growth Properties , for $2.7 billion.
SkyBridge Capital LLC, a New York-based alternative asset manager led by former White House Communications Director Anthony Scaramucci, plans to launch a private unlisted real-estate investment trust aimed at wealthy individuals willing to invest at least $100,000 in opportunity zones.
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