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New York Commercial Real Estate

SPOTLIGHT: The REITs Have It!

According to our sponsor, Walker & Dunlop, and healthcare finance VP Doug Bath, 2011 is the year of the REIT (and here we thought it was the year of the rabbit). The past 12 months mark the largest dollar volume of acquisition activity in the history of seniors housing:$30B nationwide. Most of this is thanks to four healthcare REIT behemoths: HCP, Ventas, Healthcare REIT, and SNH. Doug says healthcare REITs have had unprecedented access to capital and are taking advantage of low borrowing rates. These REITs are getting large with market caps from $10B to $15B, so they like largeportfolios that move the needle. New supply continues to be at a historical low, but local banks are more willing to provide construction financing, so experienced investors can put shovels in the ground. Learn more about Walker & Dunlop here.

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