Summary

  • With REITs, it's possible to invest in nearly every kind of real estate imaginable: apartment communities and other residential properties, retail properties, office and industrial buildings, a wide array of health care properties, self-storage facilities, and hotels. REIT investors can even own lab space, data centers, and timberland.
  • The phases of the real estate cycle are depression, recovery, boom, and overbuilding and downturn, and these cyclical patterns, along with changes in capital flows, will affect REITs' performance and their stock prices.
  • Real estate sectors often will have different cycles and behave differently from one another, and each must be considered separately.
  • Apartment REITs tend to have stable cash flows, and ...

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