Business, Legal & Accounting Glossary
n. nicknamed REIT, a real estate investment organization which finds investors and buys real property and gives each investor either a percentage interest in the property itself or an interest in a loan secured by a mortgage or deed of trust on the property.
Usually, the loan is used to develop the property and build upon it, and then there is a division of profits upon sale-if there is a profit.
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This glossary post was last updated: 30th April, 2020 | 0 Views.