Manhattan Real Estate: Direct Ownership vs REITs?
Posted by Wei Min Tan on October 30, 2017
Summary: Wei Min’s article comparing direct property ownership vs owning a REIT
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.