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.
DEFINITION of 'Real Estate Investment Trust-REIT'. A REIT is a type of security that invests in real estate through property or mortgages and often trades on major exchanges like a stock.REITs provide investors with an extremely liquid stake in real estate.They receive special tax considerations and typically offer high dividend yields.EFINITION of 'Real Estate Investment Trust-REIT'. A REIT is a type of security that invests in real estate through property or mortgages and often trades on major exchanges like a stock.