The item was successfully added to the shopping cart. View Cart #ZZStock060 - Arlen Realty & Development Corp. Stock Certificate (Click the image to view the full certificate) Vintage 12" wide stock certificate from "Arlen Realty & Development Corp.". Arlen Realty was one of the very first Real Estate Investment Trusts (REITs). It was found in 1959  and controlled over 1.7 billion dollars of US real estate assets by just 1975.  They developed the Olympic Towers and merged with CBL in 1978 which is still one of the largest mall REIT owners in the US. These are are dated 1973 or earlier. Used stock certificate in great condition. $0.75 -+