REITs in the Community: Iron Mountain Grand Opening

09/22/2017

September 15, 2017 - Iron Mountain (NYSE: IRM) celebrated the grand opening of its new $350m data center in Manassas, VA. At the ceremony, company executives were joined by several public officials from Virginia. Picture from left to right are Mark Kidd, SVP, Iron Mountain, State Senator Jeremy McPike, Congressman Rob Wittman (R-VA), Bill Meaney, President & CEO, Iron Mountain, Dana Adams, VP, Iron Mountain, Virginia Governor Terry McAuliffe, First Lady of Virginia Dorothy McAuliffe, Congressman Gerry Connolly (D-VA), Prince William County Supervisor Jeanine Lawson, Occoquan District Supervisor Ruth Anderson, and Troy Hill, SVP, Iron Mountain.

(Contact: Steven Lowery at slowery@nareit.com)

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.