PEITs contains these characteristics.

REITs divide complete property assets into relatively small investment units, which lowers the threshold for investors and broadens the exit mechanism of real estate investment. Portfolio, most of REITs' funds are used to manage property asset portfolios that can generate stable cash flow, such as office buildings, commercial retail, hotels, apartments, industrial real estate and so on. Tax neutrality will not bring new tax burden due to the structure of REITs, and some regions give certain tax incentives to REITs products.

Most REITs with active management, perfect corporate governance structure and publicly traded are active management companies, which actively participate in the whole process of property management. At the same time, they have a complete corporate governance structure like listed companies. Income distribution, REITs generally distribute most of the income to investors, with high long-term yield and low correlation with stock market and bond market. Low leverage, like real estate listed companies, REITs also have leverage, but the leverage is moderate. The asset-liability ratio of American REITs has been below 55% for a long time.