No. A real estate investment trust (REIT) is similar to a mutual fund. A REIT is publicly traded, and it holds a plethora of real estate assets. A real estate syndication, however, is not a publicly traded entity, and it typically contains just one project /property. Syndications historically earn more than REIT’s. REIT prices move in the stock market’s direction, while real estate values do not track the same as the stock market movements. Syndications also offer significant tax breaks over a REIT, depending on the tax situation.