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.
A REIT, generally, is a company that owns â and. typically operates â income-producing real estate or. real estate-related assets. The income-producing real. estate assets owned by a REIT may include office. buildings, shopping malls, apartments, hotels, resorts, self-storage facilities, warehouses, and mortgages or.