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.



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Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers. He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property.