Saturday, 9 November 2013
Bought two REITs
REITs are one way you can invest in real estate and enjoy a good level of liquidity.
I pick two of them to have some diversity. One of them is Ventas Inc (VTR) - It is a real estate investment trust with a geographically diverse portfolio of seniors housing and health care properties throughout the United States and Canada. Company owns 1,378 properties located in 46 states, the District of Columbia and two Canadian provinces, consisting of 678 seniors housing communities; 396 skilled nursing facilities; 47 hospitals; 249 medical office buildings.
My second choice is Realty Income Corp (O) - This company is engaged in acquiring and owning freestanding retail and other properties that generate rental revenue under long-term lease agreements (primarily 10 to 20 years).They owns a diversified portfolio of 2,634 properties with an occupancy rate of 96.7%, or 2,547 properties leased and only 87 properties available for lease. It leased properties to 136 different retail and other commercial enterprises doing business in 38 separate industries. It properties are located in 49 states. This company paying dividends monthly !
Bought 30 shares of VTR - dividend yield 4.1% & 56 shares of O - dividend yield 5.4%
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