Which of the following statements about Real Estate Investment Trusts is true?

REITs raise capital by borrowing from banks and issuing mortgages.

All of the above are true.

REITs are similar to open-end funds, with shares redeemable at NAV.

REITs invest in real estate or loans secured by real estate and raise capital by borrowing from banks and issuing mortgages.

REITs invest in real estate or loans secured by real estate