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.
Real estate investment trusts, or REITs, are divided into two main varieties -- equity REITs, which invest in properties, and mortgage REITs, which buy pools of mortgage-backed securities. Mortgage REITs are further separated into two types -- agency and non-agency. How mortgage REITs operate. The basic business model of a mortgage REIT is to buy mortgage backed securities (MBS) in order to collect the interest payments from the underlying loans.