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Real Estate Investment Trusts

Consider the following statements in context to the Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs):

  1. InvITs invest in infrastructure projects such as roads or highways.
  2. REITs are an investment vehicle that owns and manages investment grade and income-producing real estate properties such as offices, malls, industrial parks, warehouses, hospitality and healthcare centres.
  3. While InvITs can be publicy listed, private listed or private unlisted, REITs must be publicly listed.

Which of the above statement(s) is/are correct?

A
1 and 2
B
Only 3
C
1, 2 and 3
D
None of the above