REITs

The FTSE Nareit All Equity REITs Index remains up more than 20 percent year-to-date in spite of a step back during the month.

Publicly-traded REITs have issued $7.2 billion in green bonds in 2021, putting the sector on pace to set a new annual record.

Based on IRR, listed REITs outperformed seasoned PERE funds by an average of 165 basis points per year and outperformed economic life funds by 186 basis points per year.

The strong state of the market is fueling continued mergers and acquisitions activity as well as allowing REITs to raise capital by issuing shares.

The REIT’s “wellness infrastructure” portfolio includes seniors housing, skilled nursing facilities, hospitals and medical office buildings.

Boston Fed President Eric Rosengren listed stakes in four REITs and disclosed multiples transactions in the sector. A Boston Fed spokeswoman said his investments are “consistent with the system’s strong ethics rules.”

By taking on the non-traded REIT’s portfolio, IRT is hoping to capitalize on value-add redevelopment opportunities.

Non-traded REITs will raise about $30 billion this year, roughly triple the volume of capital raised in the sector in 2020.

REIT total returns are now up more than 25 percent year-to-date as their strong bounceback year continues.

As the outlook has brightened for commercial real estate in 2021, ETFs built on the sector have enjoyed a strong run.