Apr 20, 2024 · 27 min · 11 segments
Top-ranked real estate fund manager Jeffrey Kolitch discusses the compelling opportunities he is finding in the much-maligned commercial real estate industry.
At the close of every WEALTHTRACK, we try to give you one suggestion to help you build and protect your wealth over the long term.
Real estate is the world's largest asset class by far, valued at nearly $400 trillion.
In the US, the residential market has an estimated worth of $52 trillion, and commercial real estate weighs in at around $21 trillion.
The vast majority of real estate funds are REITs, real estate investment trusts that invest in portfolios of actual properties that are required by law to distribute at least 90% of the income from those properties to shareholders who then pay the taxes on the income.
REITs are valued for their income, long-term capital appreciation, and low correlation to the stock market.
Among the real estate funds that Morningstar recommends are the actively managed Cohen and Steers Realty shares, which carries a five-star bronze analyst rating.
This is a REIT and is managed by Cohen and Steers, one of the oldest and largest firms in the business.
Morningstar calls the Vanguard offerings among the best U.S. real estate funds available.
For the record, Kolich's much more diversified fund has outperformed both Morningstar recommendations since inception and most multi-year periods in between.
Adding publicly traded real estate to your portfolio provides exposure to the world's largest asset class and a dynamic one at that.
At the close of every WEALTHTRACK, we try to give you one suggestion to help you build and protect your wealth over the long term.
Real estate is the world's largest asset class by far, valued at nearly $400 trillion.
In the US, the residential market has an estimated worth of $52 trillion, and commercial real estate weighs in at around $21 trillion.
The vast majority of real estate funds are REITs, real estate investment trusts that invest in portfolios of actual properties that are required by law to distribute at least 90% of the income from those properties to shareholders who then pay the taxes on the income.
REITs are valued for their income, long-term capital appreciation, and low correlation to the stock market.
Among the real estate funds that Morningstar recommends are the actively managed Cohen and Steers Realty shares, which carries a five-star bronze analyst rating.
This is a REIT and is managed by Cohen and Steers, one of the oldest and largest firms in the business.
Morningstar calls the Vanguard offerings among the best U.S. real estate funds available.
For the record, Kolich's much more diversified fund has outperformed both Morningstar recommendations since inception and most multi-year periods in between.
Adding publicly traded real estate to your portfolio provides exposure to the world's largest asset class and a dynamic one at that.
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