In today’s fluctuating real estate market, REITs are a hot topic, often portrayed with conflicting headlines. With narratives swinging between “Now is the best time to buy REITs” and “Wall Street hates REITs like it’s 2009,” where does the truth lie?
Join us on this episode of PlotLines as we sit down with Anton Pick, an Acquisition Analyst for North Point Capital Group and Portfolio Manager for the NYU SPS Schack REIT Investment Fund. Anton shares his insights on the current state of REITs, multifamily investments, and the broader commercial real estate landscape.
Anton explains how REITs have been highly volatile due to their sensitivity to interest rates, trading almost like bonds. Despite this challenging environment, he sees significant opportunities, highlighting that historically, the best time to invest in real estate is during periods of distress. He emphasizes the value in sectors with strong tailwinds such as residential, manufactured housing, grocery-anchored retail, healthcare, and data centers. These areas, despite current market conditions, offer stable rent growth and low vacancy rates, presenting compelling opportunities for investors.
Shifting to multifamily investments, Anton shares his insights on the affordability and supply constraints that shape the market. Tune in to hear why Anton would “rewrite” the headline as “Multifamily transactions peak and REITs surge after Fed announced a 25-bps rate cut.”
Listen to the full episode below and follow along for our next guest!
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