### Question
How is the term real estate investment trust defined?


### Answer
The term **real estate investment trust** is defined in *26 U.S.C. § 856* as the following:

> a corporation, trust, or association—



(1) which is managed by one or more trustees or directors

#### Citation:
  - *26 U.S.C. § 856*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter M-Regulated Investment Companies and Real Estate Investment Trusts > PART II-REAL ESTATE INVESTMENT TRUSTS**

