Real estate investment trusts (REITs) are expected to grow further in the country as it continues to gain traction as another asset for investors to venture in.
REITs are “established principally for the purpose of owning income-generating real estate assets” by corporations, according to a briefer published by the Securities and Exchange Commission (SEC). Also, Republic Act 9856 or the REIT Act of 2009 guides local REIT companies by providing the legal and regulatory framework for REITs in the country.
