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 (Real Estate Investment Trusts) own 34% of the equity in the commercial real estate market. That's the second largest source of ownership. The largest is private equity, which owns 43.7% of all equity. ndustrial property is used to manufacture, distribute or warehouse a product. It's not always considered commercial, especially in land use plans and in zoning. There are 13 billion square feet of industrial property worth around $240 billion. Other commercial real estate categories are much smaller.