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.
Self storage REITs may provide the solution for investors looking to profit from the growing self storage trend in the U.S. without having to actually own a storage facility. A REIT, or Real Estate Investment Trust, is a security that trades like a regular stock but is invested directly either into real estate or mortgages.