If you feel Too Good To Be True. 一then 95% of time it is

beware of that lots of REIT company under pressure of revaluation loss on their real estate holdings. This happens a lot. Ask where are their holdings located, if most at inland/central CA, sounds like from their cash flow senario, then be careful.

Ask a lawyer to look at contract, see if you are under any liability in case of default, bankruptcy. Alway protect yourself.

Good luck!