SRVR - Residential REITs: A Potential Bright Spot In Challenging Times
By John Corcoran, Senior Client Portfolio Manager
Looking forward, when markets stabilize, we see some potential tailwinds for residential REITs.
The coronavirus outbreak and OPEC price war has punished risk asset prices, and real estate investment trusts (REITs) are no exception. Looking ahead, when markets stabilize, we believe new and persistent economic dislocations, new patterns of consumer/enterprise behavior and modified social distancing will impact property types differently. One potential bright spot is residential REITs, which could benefit from structural undersupply, affordability and the new work-from-home economy.
Potential tailwinds for residential REITs. Residential real estate encompasses