Dear Benzinga Member,
One of Wall Street's best-kept secrets is the consistent outperformance of REITs since 1972. This was when
the National Association of Real Estate Investment Trusts and some large real estate developers successfully
lobbied for legislative and tax changes, creating the modern version of the REIT.
For the past several years, real estate has generally been viewed as toxic.
Rates were rising, and a wave of refinancing's would doom property owners to bankruptcy.
Thanks to generous work-from-home policies after the pandemic, no one would rent office space again.
We were building too many apartments...
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