REITs—Still Evolving
The “modern REIT era” dates back to legislation passed in 1960. In the last half century, the sector has evolved from being a small unloved (deservedly at times), misunderstood and volatile investment alternative into an almost-mainstream category. In recognizing their growing importance, S&P Dow Jones Indices and MSCI, the two most widely used index providers, created a new real estate investment trusts category in September 2016. Calved off from financials, they created a n
