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

而房地产投资信托基金受益于租金的上涨，租金也会随着通货膨胀而上涨。

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

多企业变成业主有限责任合伙企业，商业企业及不动产投资信托企业的赦免权靠游说才能得实现。

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

房地产投资信托（REITs）就像房地产领域的指数基金。

REITs and DRIPs are fine for your portfolio once you hit baby step seven.

REITs和DRIPs在你完成第七步后可纳入你的投资组合。

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

你认为房地产投资信托基金转换为房地产投资信托基金怎么样？

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

需要积极管理的房产，而你并没有在积极管理房地产投资信托基金。

And I also put REITs in there.

我还在其中加入了房地产投资信托（REITs）。

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

但我们可通过一种叫做房地产投资信托（或简称REIT）的东西来解决这些问题。

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

房地产投资信托基金（REIT）更像是一种共同基金，而非传统的房地产投资。

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托基金（REITs）在这里看起来很有吸引力，同样，私人投资也是如此。

I'm about to start Baby Step 4, and I'm wondering, first question, what your thoughts on REITs are?

我即将开始第四步计划，我的第一个问题是，你对房地产投资信托有什么看法？

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

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

But REITs I'm fine with, but I wouldn't use a REIT in your 401k.

但房地产投资信托我接受，不过我不会在你的401k中使用房地产投资信托。

So you'd have to sell it, then use the proceeds to invest into a REIT.

因此，你需要先出售它，然后用所得款项投资于房地产投资信托基金。

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

你不会因为持有一定比例的固定收益、黄金或房地产投资信托而牺牲掉那些收益。

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、单一房地产投资信托（REITs）及其他资产，都削减了它们的股息。

REITs used to focus on commercial real estate like shopping malls, hotels, warehouses, office buildings, and farmland.

房地产投资信托过去主要关注商业房地产，如购物中心、酒店、仓库、办公楼和农田。

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

目前存在的可转化真实房产的资产形式是私人房地产投资信托基金或者公共房地产投资信托基金。

So 1031 tax deferred does not work to a REIT.

因此，1031税务延期不适用于房地产投资信托基金。

Today, the better REITs, the good ones, are getting comparable returns to good growth stock mutual funds.

如今， 较好的房地产投资信托基金， 那些优质的，正在获得与优质增长股票共同基金相当的回报。