Self-storage real estate investment trusts are expected to rebound before other commercial real estate, according to one real estate expert.
Grubb & Ellis AGA US Realty Fund has doubled in the past year, beating 96 percent of its peers. Jay Leupp, manager of the fund, said the company focused on the best management teams and values.
He predicts commercial real estate will have a three- to five-year recovery rate; however sees some markets recovering faster than others. For example, the self-storage market could recover in the next 12 to 24 months, Leupp says.
Source: TheStreet.com Apartment, Health REITs to Rebound First