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.
REITs are blind pools of investment properties with little transparency, and they generally carry high fees. Public REITs are traded like stocks and are therefore subject to the volatility of the market. In real estate crowdfunding, your risk is more localized and not correlated with the global equity markets.