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What real estate investment trust AKA rates among the best performing equity sector since the recession with returns.
Since the year 2000 -- -- Are also up and a lot backups that would make haven't promised I was gonna go to you I know you are -- elaborates.
Both sectors within reach that you have really like right.
Yeah I mean we're fortunate to work without a terrific read mantra in California -- the capital management works with us how -- trust business.
And what they're seeing what they've told us it is through -- -- We've seen every sector such as health care reits.
-- the suburban office side most recently in April we've seen retail -- that focus on shopping malls.
The three your story and self storage is certainly strongest -- reached -- a lot of investors don't appreciate.
What -- can offer to them.
They have to -- -- 90% of income and they allowed it -- pretty closely tracked this housing recovery depending on where you see that has a recovery taking place.
Whether -- -- commercial side the retail side but we're very bullish on health care right now.
If you look at her teaching population if you look at the limited supply we have emphasis to care and long term care facilities plus factor in obamacare.
That's a pretty convincing by signal for health care -- to just have to determine how to pick the one points.
-- Jacob bit bit you know by -- and couldn't manage.
-- solves anything a lot for lack of a better term governor I mean that's worried about aging population.
Amid a lot of -- at home but a lot of them can not and then you've also got the long term you know managed care facilities.
Goes on that's the place.
It's so well as you know we have one of our reits are public -- is in a current SEC.
Raise of one point three billion dollars so.
I'm constraint on talking about any particular reads.
But I think it's important to also raise -- there's sort of two types of -- investments out there that investors could look to -- -- The public listed -- and the public non listed reasons and and when you're investing.
Audience starts thinking about where to go you know if you have real -- in New York take a vornado for example.
And you're listed on exchange if there's a tsunami in Japan and it impacts your power plant.
You know if it doesn't impact New York real state or California real state but those -- Impact the entire market that's known as correlation right so publicly listed reits are correlated to the markets on which -- trade.
When investors might want to look for an investment that is -- pure real estate exposure.
They can go to the non traded public creates they're not trade in an exchange state.
Also don't have the -- the liquidity or the share price transparency that you get on the publicly listed reads but it's a place that they might -- to consider to put money.
But we can't have a statement that the dividend is the biggest thing you're short a dividend it's just it's short thing I guess you could say with -- the performances on -- short thing.
But if you look at that performance over the last three years and is the one of the best performing such as -- ever three years ago having guest after guest coming on the -- thank.
That the -- market's gonna blow up -- -- -- all implode in the opposite happen.
-- because again reached aren't just homes.
It's not just housing.
It touches marshals office building -- -- of self storage it touches shopping malls that server every broad universe.
And I think -- my concern with the non trader reached base is just what he touched upon which is liquidity.
For a portfolio manager my ability to buy in so quickly and get out of market when I need to is Paramount importance to me so while that may be appropriate for certain investors.
I think on the retail side there's plenty of good opportunities and the -- triplets but it's.
Right -- yeah -- the -- -- -- -- talking I don't know gardeners throughout New York City I'm not -- but yet part of Bryant likely have surgery all of that he -- but let me let me give you also see a lot of commercial and office property here in New York City I do not.
I think that you know -- it's regional we've all talked about real saving local and and reits are stocks and so when you have it's part of a very diverse investment portfolio.
He got to know what you're buying yet again -- the -- is where they're invested what they're invested and that will you protect yourself.
So I think I just think you have to it's like any other stock in -- it right now it's easy to run to it because of the results and then the returns are getting but it -- going to be diversified aren't.
At that point because it's all about the management team you know not every -- -- the same.
Not every technology companies the same amount every home -- the same.
What are the assets that they invest that's where do they invest to have legacy assets of people at the top of the market.
That are not which keeping the value they have today -- -- buying assets today and to a down more.
All of which isn't Google search away and I think that's the thing to our viewers and it's also easy to find if you're willing to the recent make a lot of money.
Are right well you decided to take the plunge you decided to buy something right but should it be a Condo or should you buy single family home -- business -- -- continues now.
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