Frequently Asked Questions
What is a Real Estate Investment Trust (REIT)?
A Real Estate Investment Trust, or REIT, is a company that owns and typically operates income-producing real estate. REITs allow individuals to invest in a portfolio of large-scale properties—such as apartment buildings, hotels, warehouses, and shopping centers—without having to buy or manage the properties themselves. Pillar Properties Incorporated focuses on acquiring and developing premier assets, like our hospitality project in Belize and our industrial facility in Pittsburgh, to operate as part of our long-term investment portfolio.
Why should I consider investing in a REIT?
REITs provide a way for individuals to earn a share of the income produced through commercial real estate ownership. They offer the benefits of investing in tangible, brick-and-mortar assets with the potential for steady dividend income, professional management, and greater liquidity than owning property directly.
What are the different types of REITs?
The main types are publicly traded REITs, which are listed on a stock exchange, and non-traded REITs, which are not. There are also private REITs. Each type has different characteristics regarding liquidity and how shares are valued and sold. It's important to understand which type of REIT you are investing in.
What are the primary benefits of investing in a REIT?
Key benefits include the potential for regular dividend income, professional management of real estate assets, and portfolio diversification by adding real estate to your investments.
What is Pillar Properties' investment strategy?
Our strategy is to acquire and develop a diversified portfolio of high-quality assets in sectors with strong growth potential, such as hospitality and industry. We are "in it for the long haul," meaning we focus on long-term ownership and proactive asset management to create enduring value and sustainable growth for our shareholders.
How does Pillar Properties qualify as a REIT?
Pillar Properties is structured to comply with all provisions of the Internal Revenue Service Code required for REIT status. This includes being managed by a Board of Directors, having a minimum of 100 shareholders, investing at least 75% of our assets in real estate, and deriving at least 75% of our gross income from rent or mortgage interest on real property.
What makes Pillar Properties different from other real estate companies?
Unlike companies that develop properties to resell them, our primary focus is to buy and develop properties to operate them as part of our own investment portfolio. Our commitment is to long-term ownership and building assets "better than they need to be," guided by our EPIC Core Values: Excellence, Passion, Innovation, and Commitment.
Who can invest in Pillar Properties Inc.?
Investment eligibility can depend on the type of offering. Some offerings are open to all investors, while others may be limited to "accredited investors" as defined by securities regulations. Please consult our investment materials for specific requirements.