Definition of "investment trust" []

• A financial institution that sells shares to individuals and invests in securities issued by other companies (noun)

WordNet. Princeton University. 2010.

• "Since Avalon Properties Inc.'s formation as a real-estate investment trust in the early 1990s and a merger with Bay Apartment Communities Inc. in 1998, AvalonBay has grown into the nation's second-largest publicly traded apartment operator by market capitalization, behind Equity Residential ."
• "Rental units make up less than 18% of the Island's supply compared with 35% and 38%, respectively, in Bergen County, N.J., and Westchester County, N.Y., according to Alexander Goldfarb, a real-estate investment trust analyst with Sandler O'Neill + Partners."