Real Estate Investment Trust Legal Meaning and Definition

Here is a simplified definition of the legal term Real Estate Investment Trust.

Real Estate Investment Trust (REIT) (n) A Real Estate Investment Trust, or REIT, is a type of company that invests in real estate or properties. It allows groups of individuals to collectively invest in large-scale properties that they may not be able to afford individually. The investors typically earn a share of the REIT's profits or interest from the property, giving them financial benefits without the need to buy, manage, or finance the properties themselves.