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LSDefine

Simple English definitions for legal terms

REIT

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A quick definition of REIT:

A REIT is a company that owns and operates different types of real estate, like apartments, shopping malls, and hotels. They don't build properties to sell them, but instead, they make money by renting out the spaces to tenants. People can invest in REITs and earn a share of the income without buying the property themselves. There are different types of REITs, like Equity REITs, Public non-listed REITs, Publicly traded REITs, Private REITs, and Mortgage REITs.

A more thorough explanation:

A REIT is a Real Estate Investment Trust. This is a company that owns, operates, or finances income-producing real estate in different sectors of the economy. For example, they may own warehouses, office buildings, apartments, shopping malls, and hotels. REITs do not develop real estate properties to resell them, but instead, their business is to operate and own the real estate as part of their portfolio of investments.

  • Equity REITs: These are the most common REITs. The company owns the real estate, which tenants lease. Shareholders receive annual dividends that come from the payments made by the tenants for the lease after deducting the expenses associated with operating the properties.
  • Public non-listed REITs: These REITs are registered with the Securities and Exchange Commission (SEC) but their shares are not traded on national stock exchanges. Any person may acquire the stock of a publicly non-listed REIT through an authorized broker or financial adviser.
  • Publicly traded REITs: These REITs are registered with the SEC and their shares trade on national stock exchanges, such as the New York Stock Exchange (NYSE) or the NASDAQ. Any person may acquire the stock of a publicly traded REIT through an authorized broker.
  • Private REITs: These REITs are exempt from SEC registration and their shares do not trade on national stock exchanges. Commonly, these types of REITs are sold exclusively to institutional investors.
  • Mortgage REITs: These REITs provide financing for income-producing real estate by purchasing or originating mortgages and mortgage-backed securities. These REITs generate income from the net interest margin on their mortgage assets after deducting the funding cost and expenses.

REITs allow any person to indirectly invest in commercial real estate assets and earn part of the income produced by the investment without buying the property themselves. For example, if you invest in an Equity REIT that owns a shopping mall, you will receive a portion of the rental income paid by the tenants of the mall. This is a way for individuals to invest in real estate without having to buy and manage the property themselves.

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7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
20:06
Hi everyone! Decided a bit too late that I wanted to go into law. GPA currently stands at 3.76 (one more semester to go) and I'm interested in going into immigration law. Anybody got any advice for LSAT studying and applications? I plan on taking a gap year to have some time for internships and such :)
snow
20:08
Apply for the LSAT fee waiver to try to mitigate the cost of materials! 7Sage is $1 for a year if you have the fee waiver. I also think you should try to work in an immigration firm in some way to see if it’s something you really want to pursue and to add to your resume. Good luck!!! One tip I would also give is to not sign up for the LSAT until you’re practice tests average are around the score you’re aiming for
snow
20:08
Your*
snow
20:08
You got this! :)
madollyy
20:09
thank you snow <3
Dkk
20:15
@madollyy: use LSAT Demon!
Dkk
20:16
Watch their youtube channel too
madollyy
20:23
Would an internship through CHCI help my application as well?
Dkk
20:29
@madollyy: It would help as a soft but the big focus should be GPA while you can and LSAT right now. I would say GPA is 40% of the app, LSAt 50% and everything else 10%.
snow
20:31
I agree with dk ^
madollyy
20:31
Got it, thank you. I don't think there is much I can do for my GPA now since I only have 1 semester left for ug but I definitely will be studying my butt off for the LSAT.
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