Private REITs are offerings that are exempt from SEC registration and whose shares do not trade on national stock exchanges.
Mortgage REITs, known as mREITs, provide financing for income-producing real estate by purchasing or originating mortgages and mortgage-backed securities and earning income from the interest on these investments.
The majority of REITs are publicly traded equity REITs. Equity REITs own or operate income-producing real estate in various types of property sectors. Real estate market participants often refer to equity REITs simply as REITs.