Real estate investment trusts (REITs) come in a lot of shapes and sizes, and those shapes and sizes frequently morph in ways that can blur the lines between the neat categories in which they’re often grouped.
Retail REITs, for instance, often include multifamily properties in properties they own and manage, and some REITs — like Equity Commonwealth — are well into the process of changing emphasis entirely, in that case from office to industrial.
That’s not the case with the two office REITs highlighted here as promising buys for October. Boston Properties (NYSE: BXP) and Alexandria Real Estate Equities (NYSE: ARE) are sticking with what’s worked for years, although the former is pushing its way into the fast-growing life sciences office game, too.
Here’s some more on each.
Alexandria Real Estate Equities
Alexandria is credited with pioneering its niche in 1994 and now owns, operates, and develops collaborative life science, agtech, and technology campuses in what it calls the top urban innovation clusters of Boston, New York City, suburban Maryland, North Carolina’s Research Triangle, Seattle, San Diego, and in and around San Francisco.
As of June 30, the company’s portfolio included 58.1 million square feet comprising 36.7 million rentable square feet (RSF) of operating properties, 3.4 million RSF of Class A properties under construction, and another 18 million RSF of development and redevelopment projects in various stages of planning.
Alexandria stock was trading at $192.55 a share mid-afternoon on Sept. 29, some 8.2% off its 52-week high of $209.76 from Sept. 1 and up 39.1% from its 52-week low of $150.08 from last Oct. 30. That was good for a market cap of $29.3 billion and a yield of 2.34% based on an annual dividend yield of $4.48 per share.
7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.
Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself. We are offering non-members access to member pricing, so you can experience the Skip Force Difference and improve the quality of your lists.
Pay wholesale price for quality data
Receive the TOP 3 Phone Numbers
Discover which phone numbers are best
Learn the BEST Time to reach a contact
We can take your old list, grade it and come up with the
BEST NUMBERS to contact
Develop a SNIPER MARKETING Plan
Increase ROI and TEAM MORALE
We have extended this special but cannot afford to keep this offer running for long.
Have Questions? Reach out to us, we’re here to help.
Call us at: 866-962-8190
Get Started Now
Related News
Skip tracing has become an invaluable tool in the real estate industry, offering professionals the ability to locate and connect with individuals crucial to their business. By leveraging skip tracing services, real estate professionals can streamline their operations, enhance their due diligence efforts, and increase the chances of successful transactions. How Does Skip Tracing Help […]
Batch Skip Tracing Investing in real estate has become a viable way to make a good income and even attain financial freedom. HGTV shows make it seem easy, but the reality is it takes a lot of work and time to find leads that will convert into investments. Batch skip tracing can make the task […]
Invest in Real Estate Without Owning a Single Property Invest in Real Estate Without Owning a Single Property – This REIT nears a quarter century of market-beating returns, and that could be just the start. Real estate has long been a great way for investors to build wealth. That wealth can come both from the […]