Question #1
Reading: Reading 33 Real Estate Investments
PDF File: Reading 33 Real Estate Investments.pdf
Page: 1
Status: Incorrect
Correct Answer: A
Your Answer: C
Question
Which of the following least accurately identifies a type of publicly traded real estate security?
Answer Choices:
A. Investment trusts
B. Direct mortgage lending
C. Operating companies
Explanation
The main types of publicly traded real estate securities are REITs (real estate investment
trusts), REOCs (real estate operating companies), and RMBS and CMBS (residential and
commercial mortgage-backed securities). Direct mortgage lending is most likely to be a
private rather than public investment.