Pipelines As Real Estate: Midstream REIT Is Buying

A real estate investment trust (REIT) owns income-producing real estate and offers shares to investors — it allows people to buy an interest in many different individual properties in the same way a mutual fund sells shares composed of many different companies. Often REITs focus on familiar categories like shopping malls, hospitals or mortgaged homes. But pipelines also qualify as real estate for the purposes of a REIT, and one new trust is now interested in buying a selection of them as investments.