Cell towers, warehouses look like safe plays in US real estate
They are seen by some fund managers as benefiting from an eventual economic recovery
Thu, Apr 09, 2020 - 5:50 AM
A nearly empty street in Times Square, New York. Overall, the Dow Jones Select Reit Index is down nearly 28 per cent for the year to date, almost double the 17 per cent decline in the broad S&P 500 index.
SOME top-performing US fund managers see opportunities in one of the sectors hardest hit by the coronavirus pandemic, cautiously increasing stakes in niches of the real estate market like cell phone towers and warehouses, which they see as benefiting from an eventual economic...