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Rising bond yields pose a challenge for the real estate investment trust.
VEREIT, Inc. was a real estate investment trust headquartered in Phoenix, Arizona that invested in single-tenant retail, restaurant, office and industrial properties. As of December 31, 2020, the company owned 3,831 properties with an aggregate of 89.7 million square feet. [1]
The U.S. real estate market is more unaffordable than ever before, pushing more people to rent rather than buy and making residential real estate investment trusts (REITs) very attractive for long ...
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REITs were created in the United States after President Dwight D. Eisenhower signed Public Law 86-779, sometimes called the Cigar Excise Tax Extension of 1960. [12] [13] The law was enacted to allow all investors to invest in large-scale, diversified portfolios of income-producing real estate in the same way they typically invest in other asset classes – through the purchase and sale of ...
Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. [4] Its first acquisition was a Taco Bell restaurant in early 1970. [4]The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term.
Cole Real Estate Investments, Inc. to Be Added to the MSCI U.S. REIT Index Inclusion Effective after Market Close on July 3, 2013 PHOENIX--(BUSINESS WIRE)-- After only two days of trading on the ...
Rebel A. Cole is the Lynn Eminent Scholar Professor of Finance in the College of Business at Florida Atlantic University in Boca Raton, Florida, where he has taught since August 2016. He teaches graduate-level classes in corporate finance and financial institutions.