Carey (NYSE: WPC) is a single-tenant net lease REIT, which means it only deals with buildings occupied by one tenant, and these tenants are responsible for maintaining the property and paying its taxes and insurance. REITs typically focus on a specific niche within real estate, so investors can quickly build a portfolio with exposure to many property types and generate the passive income they need without having to have a fortune already. It creates steady growth by signing leases averaging almost 11 years in length, and its contracts include escalators that often reflect inflation rates.