Real estate is a business. Big business, in fact.
That’s why real estate investment trusts, or REITs, exist in the first place. Because people will pay to use someone else’s land.
They’ll pay to live there, as in the case with residential REITs of the apartment, student housing, manufactured home and single-family home variety.
They’ll pay to do business there, as with office REITs.
They’ll pay to do commerce there, as with retail REITs, from freestanding buildings to malls, to shopping centers, to shopping outlets.
For that matter, they’ll pay to:
- Store a wide variety