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.