First Real Estate Investment Trust Of New Jersey
Real Estate Investment Trusts (REITs) are an excellent way to invest in real estate without having to own properties directly. First Real Estate Investment Trust of New Jersey (FREIT) is a publicly-traded REIT that owns and manages a diverse portfolio of real estate assets throughout New Jersey.
What is First Real Estate Investment Trust of New Jersey?
First Real Estate Investment Trust of New Jersey was founded in 1961 and became a publicly-traded REIT in 1994. Its primary focus is on acquiring, owning, and managing retail and commercial properties throughout New Jersey.
The company's portfolio consists of 31 properties across the state, including shopping centers, office buildings, and industrial facilities. FREIT's properties are located in prime locations, which makes them highly desirable to tenants.
Why Invest in First Real Estate Investment Trust of New Jersey?
There are several reasons why investors may choose to invest in FREIT:
- FREIT has a long and successful track record of acquiring and managing high-quality properties.
- The company's properties are located in prime locations throughout New Jersey, which makes them highly desirable to tenants.
- FREIT has a diversified portfolio of properties, which helps to reduce risk for investors.
- Investors can own a stake in a real estate portfolio without having to own properties directly.
- FREIT pays out a dividend to its investors, which can provide a steady stream of income.
FREIT's Properties
FREIT's properties are located throughout New Jersey and include:
- Shopping centers
- Office buildings
- Industrial facilities
Some of the company's most notable properties include:
- The Shoppes at Union Hill - A 196,000 square foot shopping center in Denville, NJ.
- Paramus Junction - A 92,000 square foot shopping center in Paramus, NJ.
- The Plaza at Harmon Meadow - A 960,000 square foot mixed-use development in Secaucus, NJ.
How to Invest in First Real Estate Investment Trust of New Jersey?
Investing in FREIT is relatively easy. First, you need to open a brokerage account with a reputable brokerage firm. Then, you can purchase shares of FREIT on the New York Stock Exchange (NYSE) using the company's ticker symbol "FREVS."
It's important to note that investing in FREIT, like any investment, comes with risk. Investors should carefully consider their investment objectives and risk tolerance before investing.
Conclusion
First Real Estate Investment Trust of New Jersey is a publicly-traded REIT that owns and manages a diverse portfolio of real estate assets throughout New Jersey. The company's properties are located in prime locations and include shopping centers, office buildings, and industrial facilities. Investing in FREIT provides investors with an opportunity to own a stake in a real estate portfolio without having to own properties directly. However, investors should carefully consider their investment objectives and risk tolerance before investing.