The financial definition for Finite Life Real Estate Investment Trust (FREIT):
A Real Estate Investment Trust whose priority is to sell its holdings within a specified period to realize capital gains.
Alternative investments Refers to investments in hedge funds. Many hedge funds pursue strategies that are uncommon relative to mutual funds. Examples of alternative investment strategies are:
long-short equity, event driven, statistical arbitrage, fixed income arbitrage, convertible arbritage, short bias, global macro, and equity market neutral.