reit

noun1

1. •
   (dialect, no longer used) sedge; seaweed

   • The Squillae[…]live in marine[…]places: their meat is oisters, and reites. — 1661

noun1

1. •
   Acronym of real estate investment trust, an investment device where the holding company uses the funds invested to hold real estate.

   • Some have used sale-leasebacks to real-estate investment trusts (REITs). In a sale-leaseback, a hospital sells its facilities, and then leases back those same facilities from the REIT. — 2018