I'm Glad I Have This West Coast Gem In My REIT Portfolio
- I remember building a shopping center in a rural market around twenty years ago and I had steel in the air before signing the first lease.
- So now you have it, I’m extraordinarily critical when it comes to Shopping Center REITs.
- One of my biggest lessons as a real estate developer was to only invest in high-quality markets; that’s where property fundamentals are the strongest.
- With an expanded institutional base, ROIC shares are becoming harder to pick up “on the cheap” and the high-quality asset mix is highly correlated to the current valuation premium.