Some big investors use public REITs to gain exposure to property types that are harder to reach through private vehicles.

Thiel has founded the new RIA alongside a number of former Merrill veterans.

Tokenization brings access to investment-grade products to a broader audience.

The suits filed in New York’s Southern District were filed the same day Wells Fargo revealed a $128 million loss in net interest income after the firm raised its sweep deposit rates.

The shift to a new interest rate environment added more fuel to the fire, pushing REIT total returns up 16.8% in the third quarter alone.