A Real Estate Investment Trust or REIT is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income, which may be taxable, into the hands of the investors. REITs invest in different kinds of real estate or real estate related assets. The REIT structure was designed to provide a similar structure for investment in real estate as mutual funds provide for investment in stocks. Like other corporations, REITs can be publicly or privately held. Public REITs may be listed on public stock exchanges like shares of common stock in other firms.
Jersey City New Jersey Real Estate Investment Trust - REIT
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State:
Multi-State
City:
Jersey City
Control #:
US-02084BG
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Yes, indeed, Jersey City does come with a higher cost of living than most places. In fact, its cost of living index is 26% greater than the national average.
If you're looking for a hip, urban, yet more affordable place to live, Jersey City is likely the place for you. In contrast, if you'd like to enjoy the exciting nightlife, proximity to NYC, and overall young, hip vibe Hoboken may be your best bet.
Bidding wars and record high rents in New York are behind the price surge in Jersey City as well, with more renters looking for a reprieve across state lines. Deals can be found, with many units offering more space and coveted amenities like an in-unit washer and dryer.
Jersey City city, Hudson County, New Jersey.
Liberty Park | Safest neighborhood in Jersey City Liberty Park has the distinction of being the safest neighborhood in Jersey City. Its overall crime rate is 60% lower than the Jersey City average, and 67% below the national average.