In the second quarter, the Chilton REIT Composite outperformed the VNQ by producing a total return of +11.8% gross of fees and +11.6% net of fees, which compares to the VNQ’s total return of +9.7%.  Year to date, the Chilton REIT Composite has outperformed the VNQ by producing a total return of +15.5% gross of […]

After we discussed triple net REITs in our June 2021 REIT Outlook, rising interest rates turned spread math into a moving target.  From 2022 to 2024, higher weighted average cost of capital (or WACC), a slower transaction environment, and shifting acquisition cap rates made value creation difficult to underwrite.  In 2025, the pieces are finally […]