Question

He type of company that sells securities specializing in real estate ventures, and requires a minimum of 100 investors, is known as:

Answer 1

Real Estate Investment Trusts or REIT sometimes referred to as the "mutual funds" of the real estate business, were created in 1960 as an aspect of the federal tax law to encourage small investors to combine their resources with the resources of others so the companies could, together, raise venture capital for real estate transactions.