Equity REITs
The majority of REITs function as equity REITs, offering investors the opportunity to invest in  diverse portfolios of income-generating assets that might otherwise be out of reach for individual investors. These real estate firms own properties across various sectors, including office buildings, shopping centers, apartment complexes, and others. They typically distribute most of their income to shareholders in the form of dividends.

mREITs
Mortgage REITs (mREITS) provide financing for income-producing real estate by purchasing or originating mortgages and mortgage-backed securities and earning income from the interest on these investments. Learn more

PNLRs
Public non-listed REITs (PNLRs) are registered with the SEC but do not trade on national stock exchanges. Liquidity options vary and may take the form of share repurchase programs or secondary marketplace transactions but are generally limited. Learn more

Private REITs
Private REITs are real estate funds or companies that are exempt from SEC registration and whose shares do not trade on national stock exchanges. Private REITs generally can be sold only to institutional investors. Learn more