As a REIT investor, I’m excited about REITs that focus on specific real estate types. For example, Entertainment Properties Trust is exciting. Entertainment is becoming more diversified, but their core competency is owning movie theaters that are operated by movie exhibitors.
Needless to say I was happy to read the press release on January 3, 2012 that American Tower Corporation had reorganized as a REIT. American Tower is a company that owns an extensive cellular tower network. This corporate conversion provides REIT investors with a very unique and exciting asset class that will consistently share the wealth through dividend payments. In addition, AMT stock is up just over 2% since their conversion. Yep, investors like REITs, and they are going to love having unique options to invest with speciality choices like American Tower.
What does the future hold for speciality REITs? How about Airport REITs or even Air and sub-terrain REITs? Eventually we will have such options.
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