Real estate has always been one of the most reliable sources of long-term wealth. Private real estate is out of reach for investors when it comes to investing, but this does not have to be the case. We can use Real Estate Investment Trusts (REITs) to get exposure to the housing market.
In 2020, the S&P 500 ended with a gain of about 20%, and the REIT sector (VNQ) declined 5%. However, when REITs resurfaced in 2021, the roles reversed; The Vanguard REIT ETF gained 40.5%, surpassing the S&P 500’s gain of 28.7%.
After completing the VEREIT transaction, the business announced the acquisition of $1.7 billion in casino assets from Wynn Resorts. The change moves Realty Income into the gaming industry, which is good news for another pick I have below.