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LSDefine

Simple English definitions for legal terms

real estate investment trust

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A quick definition of real estate investment trust:

A real estate investment trust, also known as a REIT, is a group of people who pool their money together to buy real estate. This can be either a percentage of the property itself or a loan secured by a mortgage or deed of trust on the property. The money is usually used to develop the property and build upon it, and when the property is sold, any profits are divided among the investors.

A more thorough explanation:

A Real Estate Investment Trust (REIT) is an organization that invests in real estate. It finds investors and buys properties, then gives each investor a share of the property or an interest in a loan secured by a mortgage or deed of trust on the property. The loan is usually used to develop the property and build upon it, and then there is a division of profits upon sale-if there is a profit.

  • ABC REIT buys a shopping mall and gives investors a percentage interest in the mall. The investors receive a share of the rental income and a share of the profits when the mall is sold.
  • XYZ REIT invests in a hotel and gives investors an interest in a loan secured by a mortgage on the hotel. The investors receive interest payments on the loan and a share of the profits when the hotel is sold.

These examples illustrate how a REIT works. Investors pool their money together to buy real estate, and then they receive a share of the income and profits from that real estate. This allows investors to invest in real estate without having to buy and manage properties themselves.

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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