The company-built Methodist church became todayâs Margaret Church of Christ, a neat little white chapel on County Road 12 near the town park. A pianist at this old church, Lou Betts, later married U.S. Congressman Tom Bevill.
REITs, or real estate investment trusts, are companies that own or finance income-producing real estate in a range of property sectors. These companies have to meet a number of requirements to qualify as REITs.
Many investors and advisors are familiar with Real Estate Investment Trusts (REITs). UPREITs and DownREITs are not nearly as well known. Traditionally, real estate property ownership interests were exchanged for REIT shares, thereby causing a capital gains income taxation event.