Green Street

 

 

TheStreet: Why U.S. Equity REITs Don’t Mind The Brexit Upheaval

According to TheStreet:  As the fallout and uncertainty from last week's Brexit vote continues to whipsaw the global equity markets, at least one sector - U.S. real estate investment trusts (REITs) - potentially stands to benefit from the upheaval.

...

"The London office market is particularly worrisome," said Michael Knott, director of U.S. REIT research at Green Street Advisors, a REIT research firm in Newport Beach, Calif.

...

Knott sees health care REITs and net lease REITs being the least affected by the Brexit turmoil as demand for their properties largely continues in good economic times or bad, and therefore they'd be less likely to be impacted should the U.K. sink into a recession.

...

To view the full article from TheStreet, click here.