Nareit Supports the Reintroduction of the “Improving Corporate Governance Through Diversity” Act

02/26/2021 | by

On Feb. 23, Sen. Bob Menendez (D-NJ) reintroduced the Improving Corporate Governance Through Diversity Act, a bill that would require public companies to annually disclose the voluntarily, self-identified gender, race, ethnicity, and veteran status of their board of directors, nominees, and senior executive officers. Companion legislation was introduced the same day in the House of Representatives by Rep. Gregory Meeks (D-NY).

Nareit and other organizations like the U.S. Chamber of Commerce support this legislation.

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.