Representatives from four real estate investment trusts (REITs), including Strategic Storage Trust Inc., exuded optimism regarding long-term prospects for the self-storage, data-center, healthcare and land-development REIT sectors during a panel discussion in New York City last week.
Janice Ryan, vice president of business development for Strategic Storage Trust, and three other panelists spoke during a presentation titled “Examining Opportunities Within Alternative Investment Classes,” held Thursday as part of the seventh annual New York Non-Traded REIT Industry Symposium, hosted by the Information Management Network (IMN). Ryan was joined by John Carter of Carter Validus Mission Critical REIT, John Mark Ramsey of Cornerstone Healthcare Plus REIT, and Edward Fitzpatrick of Shopoff Group. All four were bullish about their respective niches, despite competition and other challenges.
Ryan said the self-storage sector does well in good times or bad, being a sector in which property ownership is so diffuse that Public Storage, the market leader, has only a 5 percent share. She cited the need to educate broker-dealers as a specific industry challenge.
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Source: GlobeSt.com, Niche REITs Like Their Prospects