Sean Zarinegar is a real estate professional with over 25 years of experience leading American Housing Income Trust (AHIT). Focused on real estate projects in Texas, Arizona, and Nevada, Sean Zarinegar seeks to turn AHIT into a Real Estate Investment Trust (REIT).
REITs are securities that invest in large real estate projects and can be traded on the stock exchange. These large-scale real estate projects include hotels, shopping malls, office buildings, apartments, warehouses, resorts, and mortgages.
REITs do not develop properties for sale but simply acquire them and operate them for profit. They offer investors an opportunity to obtain profit generated from real estate without having to purchase individual properties.
REITs are required by law to have at least 100 shareholders, and no five shareholders are allowed to hold more than 50% of the stock. At least 75% of the gross income should be derived from real estate.
REITs are also required to maintain dividend payout ratios at a minimum of 90%. They are allowed to deduct these dividends from their annual tax liabilities, though investors pay tax on these dividends.
