A nice NAREIT Outlook–
So how does the commercial REIT outlook look like?
Cautiously optimistic would be the best description-
Even if the vaccines work, it will take some time to administer most people.
Also, it won’t happen, because people don’t want to take the vaccine until it is proven to be safer.
So next year, commercial real estate won’t jump-
But Blackstone is already moving so it does show that the bottom is pretty much here.
Now the question is when would it rise? 2021? 2022? Not sure but 5-10 year horizon, the commercial real estate will be back roaring-
I would not mind going in right now- But for now I like housing REITs more because they have more immediate upside.
But yes, I would look into investing into commercial REITs. Take the long term view.
Currently, 1/5 of portfolio is REITs so I am quite bullish. I have been selling to take some profits of the table. But will put more in as soon as the tax loss harvesting is over, which has not been happening.
For those who are interested, I am long AGNC, NRZ, ARR, IRT, and BRG. I also have SKT and WPG, which are still a long way from recovery.
Thank You Jesus for a blessed day. Let us always be thankful and give You all the glory!
Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
1 Thessalonians 5: 16-18
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