[Congressional Record Volume 156, Number 130 (Friday, September 24, 2010)]
[Extensions of Remarks]
[Page E1745]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 IN SUPPORT OF H. RES. 1595, RECOGNIZING THE 50TH ANNIVERSARY OF REAL 
                    ESTATE INVESTMENT TRUSTS (REITs)

                                 ______
                                 

                             HON. RON KIND

                              of wisconsin

                    in the house of representatives

                       Friday, September 24, 2010

  Mr. KIND. Madam Speaker, I rise today in support of House Resolution 
1595, which recognizes the 50th anniversary of Real Estate Investment 
Trusts, commonly known as REITs. I am proud to cosponsor this 
resolution introduced by my colleague, Representative Sander Levin from 
Michigan and I thank him for introducing this resolution.
  For 50 years, REITs have provided a way for average investors to 
invest in large-scale commercial properties in the same way they invest 
in other industries, through the purchase of equity. In addition, REITs 
offer investors distinct advantages such as portfolio diversification, 
reliable dividends, liquidity, and solid long-term performance.
  Fifty years after Congress created REITs, average investors continue 
to benefit in the same ways as corporate stockowners, as REIT investors 
earn a pro-rata share of the economic benefits that are derived from 
the production of income through commercial real estate ownership.
  It is important to recognize ways in which average investors of all 
ages and income levels can access the same benefits as large real 
estate investors. I stand with my colleague in commending the 50th 
anniversary of Real Estate Investment Trusts, and 50 years of providing 
a broad range of investors an opportunity to achieve the investment 
goals of diversification, strong and reliable dividends, liquidity, 
solid performance, and transparency.

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