
REIT Act of 1960
The REIT Act of 1960 is a law that created a special way for investors to own and benefit from real estate without directly buying properties. It allows companies to pool money from many investors and invest in income-generating real estate like offices, apartments, or shopping centers. In return, investors receive income from these properties in the form of dividends, and the REIT itself is often exempt from certain taxes if it meets specific requirements. This law made real estate investment more accessible, transparent, and easier to manage for individual investors and the economy.