August 2021
Beginner
272 pages
6h 37m
English
Content preview from The Intelligent REIT Investor Guide
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER 8Specialized REITs
“Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.”
—Benjamin Graham
The U.S. REIT market has expanded significantly over the past decade, as we've already somewhat discussed. What we haven't discussed yet are the many new, specialized REITs that now provide investors with unique diversification benefits. These subsectors include billboards, farms, prisons, and timber. And while there are no publicly traded parking garage, amusement park, stadium, or airport REITs at this time, they might not be that far off.
Two interesting (already existent) new REIT classes we discuss in this chapter are gaming and cannabis. Both of these subsectors have recently entered REIT‐dom and have performed extraordinarily well so far, with good reason to expect more positive results from here.
Gaming
The last 40 years have seen lots of legalizations when it comes to commercial casinos. Recognizing the tax gold mines they'd been previously prohibiting, states are now increasingly open to businesses that had originally been sequestered in Las Vegas, Atlantic City, and Native American reservations.
Just one example is Pennsylvania, where gaming now represents close to a quarter of its state tax revenue. And New York, Nevada, and New Jersey, among others, have similar stories. Twenty‐five states have “gone to the dark side” at last check ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.