Real Estate Investment Trusts (REITs) had a rough start this year, with the Covid-19 pandemic disrupting the market. However, according to financial advisor Jenny Harrington, it is still possible to make money if you choose your Investment carefully. She cites the example of three REITs that have provided a good payback in the 18-month period since their inception.
The first of these is the short-term rental company Wander, who are set to announce the raise of a $100 million debt facility from Credit Suisse later today. This is a major boost for the company, allowing them to expand their operations and increase their potential for returns in the future.
The second of these is the Real Estate Investment trust (REIT) iStar Financial, which has seen major success due to its diversified portfolio of properties. This includes office, retail, and industrial properties, all of which have seen strong returns in the past 18 months.