What exists today in terms of getting exposure to real estate assets are private REITs, or real estate investment trusts, or public REITs.

目前存在的可以转化真实房产的资产形式是私人房地产投资信或者公共房地产投资信。

And then REITs benefit from rising rents, which move higher with inflation as well.

房地产投资信受益于租的上涨，租也会随着通货膨胀上涨。

In America, real-estate investment trusts (REITS) own just 1% of single-family rentals, compared with 5-10% of offices and warehouses, 15% of housing for old people and 50% of shopping malls.

在美国，房地产投资信(REITS)在独户住宅租赁市场仅占1%，相比之下，写字楼和仓库的占比为5%-10%，老年人住房的占比为15%，购物中心的占比为50%。

The exemptions that are enabling more firms to become MLPs, BDCs or REITs depend on lobbying.

允许众企业变成业主有限责任合伙企业，商业企业以及不动产投资信企业的赦免权靠游说才能得以实现。

Has to be actively managed property and you're not actively managing a REIT.

需要积极管理的房产，没有在积极管理房地产投资信。

Everything else, single stock, single REITs, other stuff, they all cut their dividends.

其他所有投资，包括单一股票、单一房地产投资信（REITs）以及其他资产，都削减了它们的股息。

If you owned shares in a REIT, the easiest way for you to liquidate your position would be to sell your shares to another investor which doesn't require any cash to be liquidated from the assets themselves.

如果持有房地产投资信的股份，最简单的变现方式就是将的股份卖给另一位投资者，这不需要从资产本身中提取现来变现。

So I mean, when we think about your competitors in this broader landscape, there is obviously digital realty trust when we're thinking about publicly traded REITs here in the data center space.

因此， 当我们在这个更广阔的领域内考虑您的竞争对手时，显然会想到在数据中心领域公开交易的房地产投资信（REITs）中的Digital Realty Trust。

And Fermi, the data center REIT co-founded by former U.S. Energy Secretary Rick Perry, priced 32.5 million shares at $21 apiece in its IPO, near the top of the expected range.

前美国能源部长里克·佩里(Rick Perry)联合创立的数据中心房地产投资信公司Fermi在首次公开募股(IPO)中以每股21美元的价格发行了3250万股，接近预期区间的上限。

But we can navigate these issues through something called a Real Estate Investment Trust, or REIT.

但我们可以通过一种叫做房地产投资信（或简称REIT）的东西来解决这些问题。

Real estate and REITs look interesting to me here, as well as, you know, private investments.

房地产和房地产投资信（REITs）在这里看起来很有吸引力，同样，私人投资也是如此。

Residential REITs have experienced a sharp rise in popularity though because people that can't afford to buy a home themselves still want exposure to this market.

住宅房地产投资信的受欢迎程度急剧上升，尽管一些人自己买不起房子，但仍希望参与这个市场。

Mm-hmm and Get on a tight budget and make sure you have 250,000 in the money market account You've got 40 in a REIT.

嗯哼，制定一个严格的预算，确保在货币市场账户里有250万元，还有40万元投资在房地产投资信中。

So if you get fixed income, bonds, REITs, they tend to have mostly a lot of regular income.

因此，如果持有固定收益类资产、债券或房地产投资信（REITs），它们通常会带来大量的定期收入。

Real estate investment trusts, or REITs, work like index funds for real estate.

房地产投资信（REITs）就像房地产领域的指数。

A REIT is more of a mutual fund than it is a real estate investment.

房地产投资信（REIT）更像是一种共同，非传统的房地产投资。

What do you think about a REIT exchanging into an REIT?

认为房地产投资信转换为房地产投资信怎么样？

You're not sacrificing that return by having a percentage in fixed income or gold or REITs.

不会因为持有一定比例的固定收益、黄或房地产投资信牺牲掉那些收益。

And I also put REITs in there.

我还在其中加入了房地产投资信（REITs）。

Some people are putting savings towards the down payment into REITs because they should provide returns consistent with the residential real estate market so their savings won't be left behind by rising house prices.

有些人将用于首付的储蓄投入房地产投资信，因为这些投资应能提供与住宅房地产市场相一致的回报，这样他们的储蓄就不会被不断上涨的房价甩在后面。