REIT - Specialty is a type of real estate investment trust (REIT) that specializes in a particular type of real estate asset. These REITs focus on a specific sector of the real estate market, such as office buildings, shopping centers, industrial properties, hotels, or healthcare facilities. Specialty REITs are typically more focused than traditional REITs, which invest in a variety of real estate assets. Specialty REITs are often more volatile than traditional REITs, as they are more exposed to the risks associated with a particular sector. However, they can also offer higher returns due to their specialized focus.