Over the last couple years, and even more so this year, we’ve been seeing a lot of these multi billionaires either investing in or acquiring REITs, otherwise known as real estate investment trusts. Some of the biggest names in the finance world have been praising these investments as being great buying opportunities. Those praising these investments would include billionaire investor Warren Buffett, Blackrock’s Stephen Schwarzman, and Brookfield’s CEO Bruce Flatt. Another influential investor who just recently bough heavily into one former REIT in particular is former hedge fund manager of Scion Capital, Michael Burry, who we all know for betting against the housing market in the 2000’s.
Over the last few years these wealthy individuals have been buying heavily into these investments, praising them as being good picks in our current economic conditions. Today we’re gonna look at why these high profile investors are in love with REITs and why we all should consider them for our own investing portfolios.
