REITs

Elliott is a top holder in the REIT and the Florida-based hedge fund has met with the company’s board to discuss a strategic review.

The FTSE Nareit All Equity REITs Index remains up more than 20 percent year-to-date in spite of a step back during the month.

Publicly-traded REITs have issued $7.2 billion in green bonds in 2021, putting the sector on pace to set a new annual record.

Based on IRR, listed REITs outperformed seasoned PERE funds by an average of 165 basis points per year and outperformed economic life funds by 186 basis points per year.

By taking on the non-traded REIT’s portfolio, IRT is hoping to capitalize on value-add redevelopment opportunities.

Non-traded REITs will raise about $30 billion this year, roughly triple the volume of capital raised in the sector in 2020.

REIT total returns are now up more than 25 percent year-to-date as their strong bounceback year continues.