Emerging sector REITs

Emerging Sector real estate investment trusts (REITs), investigating such sectors as residential, health care, self-storage, timber, infrastructure and data centres generally and then specifically through a case study of US REITs. This chapter seeks to investigate REIT investment in other specialist sectors of the property market, notably the following: residential REITs, health care REITs, self-storage REITs, hotels and lodging, timber REITs, infrastructure REITs, data centre REITs, and other specialty REITs. While there are a range of other sector specific REITs of interest, three of the smaller but significant sectors for investigation include agriculture, child care and petrol filling stations. REITs have either been equity REITs or mortgage REITs. Equity REITs invest in tangible real estate assets and manage the assets to generate income, whereas mortgage REITs invest in property secured mortgages, mezzanine loans, subordinated loans, construction loans and commercial mortgage backed securities.