3 REITs to Buy and Hold Forever
There's an old saying in real estate that the three most important factors for success are location, location, and location. While that's true for residential real estate, a commercial property needs more than a good location to succeed. Another important factor is that demand for that property type needs to be on the rise. If demand isn't expanding, occupancy levels and rental rates could fall, turning it into a money-losing investment.
Three real estate investment trusts (REITs) focused on property types benefiting from strong long-term demand tailwinds are Camden Property Trust (NYSE: CPT), Invitation Homes (NYSE: INVH), and Prologis (NYSE: PLD). That makes them great REITs to buy and hold for years to come.
Camden Property Trust is a residential REIT focused on owning apartment communities. The REIT has 170 properties with over 58,000 apartment homes spread across 15 major markets, primarily in the Southern half of the U.S. It focuses on areas where the population is growing, putting its communities in the right locations for success.
Source Fool.com
