What makes a publicly-traded REIT attractive to investors?
• Access/Affordability: REITs allow everyday investors to invest in income-producing real estate by purchasing shares in a REIT rather than making the large capital investments typically required to purchase real estate. Investors can determine the level of their investment by adjusting the number of shares they purchase and hold. • Corporate Governance/Disclosure Obligations: REITs that have securities registered with the SEC and that are listed on a major securities exchange such as the NYSE are subject to SEC and NYSE rules and regular disclosure obligations. These obligations include quarterly and yearly financial reporting that provide a valuable source of information for investors. • Liquidity: shares of publicly traded REITs are readily convertible to cash because they are traded on public exchanges similar to the stocks of other listed companies. • Operational Oversight: Independent directors, independent financial analysts, independent auditors and the business and financial m