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.
The term REIT refers to a âreal estate investment trustâ. as set forth in subchapter M of chapter 1 of the Internal. Revenue Code of 1986 (the âCodeâ). An entity that. qualifies as a REIT under the Code is entitled to. preferential tax treatment.