“Get out of REIT’s NOW.”
My elderly parents had a “wealth management” company put a lot of their money in REITS.
When they died I dumped that garbage in a heartbeat.
No elderly person should be near that stuff—and the professional financial advisors that put them in it should all go to jail.
I wonder when the DOJ is going to start their investigation into the hotel asset overvaluation by the REIT Parks Hotels & Resorts, just as they did to President Trump?
Let’s face it, getting over triple the asset value - as did Wells Fargo in the building just sold in S.F. - less than two years ago is pretty well impossible.
Looks like all of these REITs are going to be falling out of favor.