6min chapter

The Tim Ferriss Show cover image

#407: Sam Zell — Strategies for High-Stakes Investing and Dealmaking

The Tim Ferriss Show

CHAPTER

What Is a Reat?

The real estate investment trust was created in 19 58 when president eisenhauer signed something called the cigar bill. The idea was that they wanted to create a vehicle that effectively created an opportunity for small investors to own pieces of large real estate projects. In effect, the ret law allowed the creation of a vehicle that didn't pay corporate tax, but only paid tax the distribution. It's now a more than trillion dollar asset class.

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