Group items tagged

REITs were created in america when President Dwight D. Eisenhower signed into law the REIT Act title included in the Cigar Excise Tax Extension associated with 1960. REITs were created by Congress to be able to give all investors the opportunity to purchase large-scale, diversified portfolios of income-producing real estate just as they typically invest in other asset classes - with the purchase and sale of fluid securities.