This Gyro has the wrap on real estate. Gyrodyne is a self-managed and self-administered real estate investment trust (REIT) that buys, owns, and manages a variety of property types. Its portfolio includes medical office parks and industrial properties, as well as undeveloped land. Gyrodyne began as a helicopter maker working from its 68-acre Flowerfield site on Long Island, New York, but switched to real estate development as its helicopter business declined in the 1970s. Since then, it has been converting its Flowerfield property for commercial, industrial, and residential use. The REIT has also acquired medical properties in Virginia and owns a minority stake in a planned development in Florida.