In the early 1990s, the Modern REIT Era commenced due to the abundance of overleveraged private real estate companies with no path to new equity other than to ‘sell’ shares to the public at a price below their perceived value.  To quote Chilton REIT Strategy founder Bruce Garrison, “they had to decide whether they wanted […]

On the two-year anniversary of one our most read REIT outlooks, ‘Arbitrage Opportunity Available in Public REITs’, we will be revisiting some of the predictions and observations on non-traded REITs versus public REITs from April 2023.  To summarize the April 2023 REIT Outlook, we warned investors that the ‘mark to magic’ (what we call the […]

Originally created in 1960, the REIT structure’s purpose was to democratize real estate for the masses.  In addition to managing properties, reporting and complying with SEC requirements, and paying dividends from cash flow, they also employ finance, investment, development, and strategic personnel to make decisions that can grow value beyond a steady state portfolio.  In […]