As the stock market is plowing through to new all-time highs and RBC’s Robert Wetenhall says the retail housing recovery is underway, commercial real estate investors are “surprisingly unenthusiastic” about their deal pipeline. Morgan Stanley’s AlphaWise research reflect a degree of uncertainty after a significant if somewhat unexplained price run-up, particularly acute in one REIT sector.
Highest flying REIT is where most concern is expressed
Perhaps most interesting is that the REIT highest peformers, the Triple Net Real Estate Investment Trust (REIT), up more than 30% year to date, is where the real estate concerns are most acutely noted.
A triple net lease is the most advantageous to the investor, exposing...
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