Manhattan Real Estate: Direct Ownership vs REITs?

Posted by Wei Min Tan on October 30, 2017

Publication: TheStreet.com

Summary: Wei Min’s article comparing direct property ownership vs owning a REIT

Excerpt:

Here are some pros and cons to weigh if you’re thinking about direct property ownership in Manhattan, such as buying an investment condo or building vs. investing in a real estate investment trust such as Boston Properties, SL Green Realty or Vornado Realty Trust that own commercial properties in the area.

No. 1, Liquidity: REIT wins.

REITs are liquid and can be bought or sold with the click of a mouse. That’s not the case with direct ownership in a condo or building because it takes at least three months to buy or sell.

Read Full Article On TheStreet.com

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+1.212.380.6134

tan@castle-avenue.com

641 Lexington Avenue,
22nd floor,
New York, NY 10022

About Wei Min

Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
Ex-Citibanker, managed $500 million portfolio
MBA, University of Illinois at Urbana-Champaign
Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
352 burpees in 23 minutes, student of muay thai kickboxing

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Castle Avenue, led by Wei Min Tan, focuses on New York residential condominium property. We serve global investors buying Manhattan property for portfolio diversification and long-term returns.