What is a REIT?

A REIT (Real Estate Investment Trust):

Is a like a mutual fund, except that it buys real estate and not stocks or bonds as its primary investment
Manages its properties for stability of cash flow and long term growth of capital
Distributes the cash flow from the properties on a regular basis to Unitholders
Usually REIT´s are focused on a particular asset type (apartment buildings, offices, retail, hotels or industrial space).

Centurion Apartment REIT focuses only on residential rental properties.