IVT - Sunbelt Spotlight: Using REITs To Capitalize On Migration
- Even before the pandemic, a sustained pattern of migration to the Sunbelt was unmistakable, driven by warmer weather, lower taxes, job growth and comparatively very affordable real estate prices.
- Most of our readers have likely heard anecdotes about cities such as Austin, Nashville, or Phoenix seeing houses sell for 30%-50% above asking price following 40-person bidding wars.
- What may be less publicized is the growth of other property sectors such as retail, multifamily, and even office.
- Our portfolio is 653 basis points overweight to the Sunbelt when compared to the MSCI US REIT Index as of 4/29/22!
For further details see:
Sunbelt Spotlight: Using REITs To Capitalize On Migration