Once in The NFL Now in The REIT Game
Several NFL players have found it lucrative to transition from the playing field to the municipality development field of real estate once leaving the locker room and parking structure for the last time. A few players have gotten in the real estate investment trust (REIT) game at some point during their professional career in football. One noted example is Shawn Bullard of Philadelphia.
Growth and Development
The REIT dates back to September 1960. Then, US President, Dwight D. Eisenhower, signed legislation that combined the leading attributes of real estate and stock-based investment. Similar to a mutual fund, real estate investment trust, REIT, was believed to produce income from investment. No longer was this form of venture limited to large financial capitalists, but now the general public could participate with real estate investment. In the succeeding decades, REIT in the US and internationally is said to have become a $1 trillion equity market; moreover, assets in REIT are said to total around $2 trillion.
Who Is in The REIT Game
Former Dallas Cowboy player, Roger Staubach (http://www.nfl.com/player/rogerstaubach/2526418/careerstats), is one of the earliest NFL players to have taken advantage of the REIT industry. He was involved in the REIT industry from 1977 to 2008 and grossed a reported $640 million. Incidentally, it is estimated the average NFL player’s career lasts under four years. Kurt Warner and Asante Samuel are two other NFL players involved in the REIT industry.
As mentioned, Shawn Bullard, began investing in real estate when a senior and linebacker at Temple University. Today, he is one of the youngest developers in the city of Philadelphia, owns and operates Concrete Investments, LLC, which is owned and operated by African Americans.
Former NFL player, Than Merrill (http://www.nfl.com/player/thanmerrill/2504648/careerstats) operates and owns Fortunebuilders Inc. in San Diego, CA. His company provide real estate education and seminars on investment topics like REITs, as well as services to buy and sell homes for profit.
Benefits from REITs
Real Estate Investment Trusts provide the following:
– Higher dividend yields
– Special tax considerations
– Competitive performance and transparency
– Valuable liquidity
One may do well if using the REIT as a form of investment. Taking time to select the venture most suitable is a wise course of pursuit. It will serve to strengthen one’s investment portfolio.