Private reit

A real estate investment trust that is not traded on the national stock exchanges. Investments typically last for a set time period, usually 10 to 12 years. At the end, investors cash out through an initial public offering, a merger, or a liquidation. The investment usually lacks the liquidity of a publicly traded REIT—it is often difficult to redeem the shares or sell to a third party. Also called unlisted REIT, nontraded REIT, and nonpublicly traded REIT—Read more at TheFreeDictionary. “Private REIT.”