The word ‘essential’ has become very popular recently in its use by governing heads nationwide to delineate which businesses can remain open during the pandemic. A common definition uses the words, “… of upmost importance, something necessary or indispensable.” We have been using the term long before 2020 in describing our portfolio, but today it has relevance beyond what we could have ever imagined. Equity REITs come in all shapes and colors or in property talk, over fifteen different property sectors that comprise over 150 different companies. Not all are essential!
By now, the market