You will probably never buy a shopping mall outright, but you can own a slice of one through a real estate investment trust. Neil Fawcett explains what a REIT is, the distribution rule that keeps it from being taxed at the trust level, and why pension funds rely on real estate for steady yield.
You will learn: how a REIT share represents a portion of commercial real estate, why a REIT distributes almost all its income (and who pays the tax), and why REITs are a long-term yield vehicle, not a flip.
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