Page 9 - IreitEbook

• Not so much with their equity counterparts.

More often than not, the various kinds of equity REITs are referred to by the type

of commercial properties they own and/or operate. This makes perfect sense

considering how that's the factor that so often determines how a REIT is going to

perform, when, and where – topics we’ll further address in the following chapters.

For now, let’s just get familiar with the trusts themselves…

• As their name implies, healthcare REITS mostly make their money by leasing

space to healthcare providers such as senior housing communities, assisted

living or rehabilitation facilities, clinics, medical office buildings (MOBs), labs, and

hospitals.

• Office REITs are similarly easy to understand. Catering to businesses of all

shapes and sizes, they can own anything from high-rises in major cities to single-

story spaces in smaller markets, which they rent out as workplace facilities.

• Industrial REITs also serve the business community, though in a much

different capacity. These entities offer space for distribution warehousing, light

manufacturing, and research and development purposes.

• For their part, Lodging/Resort REITs can be boiled down to one word: hotels.

The majority of hotel names recognized in the U.S. are REIT-owned national or

international brands.

• Next up, we’ve got residential REITs, which encompass three different

categories: apartment REITs, manufactured housing (e.g., mobile and fabricated

homes) REITs, single-family home rental and campus housing REITs.

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