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.

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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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