Rep. Neal Visits American Tower and Iron Mountain

03/25/2022 | by

Rep. Richard Neal (D-MA) spoke to a group of executives at a New England Council event in Boston that was sponsored by American Tower (NYSE: AMT) and Iron Mountain (NYSE: IRM). Rep. Neal, the Chairman of the House Ways & Means Committee, offered his views on the legislative accomplishments and priorities of the 117th Congress.

In 2018, Nareit worked with American Tower and other REITs active in the region to produce The Economic Impact of REITs in New England, a 28-page informational piece. Across the six New England states, there are more than 13,000 REIT-owned properties representing $94 billion in gross assets.

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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.