Pennsylvania Real Estate Investment Trusts (Rests) are investment vehicles that allow investors to purchase shares in a portfolio of properties that are managed by a professional REIT manager. Rests are typically focused on commercial properties located within the state of Pennsylvania, such as office buildings, retail centers, multifamily housing, and industrial properties. Investors in Pennsylvania Rests receive a share of the income generated by the properties, as well as capital gains when the value of the properties increases. Pennsylvania Rests are often structured as publicly-traded companies, with shares bought and sold on public stock markets. There are a variety of different types of Pennsylvania Rests, including equity Rests, mortgage Rests, hybrid Rests, and infrastructure Rests. Equity Rests invest in a portfolio of real estate properties and generate income by collecting rent from tenants. Mortgage Rests invest in debt securities backed by mortgages on real estate properties, providing the financing needed to purchase and manage the properties. Hybrid Rests combine the strategies of equity and mortgage Rests. Infrastructure Rests invest in physical infrastructure such as roads, bridges, and utilities.