5 at 5: Your Daily Digest for Real Estate Investing, 1/28/21
GameStop, AMC and Wall Street, Boston Properties’ big bet on big cities, Broadmark, no typical mREIT, an Israeli pot REIT open to the public, and the values of the skilled care market remain stable.
Today on Millionacres
Here’s what real estate investors should know about GameStop and AMC Surge
GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) stocks hit incredible highs. In fact, GameStop shares were up 134% yesterday, while AMC was up 301%. What gives?
Why It Matters: Millionacres’ Maurie Backman explains why this crowdfunding attack on short sale hedge funds doesn’t mean good news in the long run for these two struggling companies – or for the commercial property owners who are their landlords.
Boston Properties is committed to returning to big cities
Boston Properties (NYSE: BXP) is the largest publicly traded developer and owner of Class A office properties in the United States. The portfolio is focused on Boston, Los Angeles, New York, San Francisco and Washington, DC. The pandemic has hit this stock hard.
Why It Matters: Millionacres’ Matthew DiLallo explains why this office REIT, or real estate investment trust, has confidence in its markets, which can also provide an opportunity for investors who seize what it sets out to do.
What the 17% dividend increase from High-Yield Broadmark means
While mortgage REITs are a different tier from traditional brick and mortar mutual funds, Broadmark Realty Capital (NYSE: BRMK) is a different breed of MREIT.
Why It Matters: Millionacres’s Reuben Gregg Brewer explains how Broadmark’s business model creates diverse risks and opportunities for investors in this mREIT.
Even in today’s news
Israeli pot company is listed on NASDAQ via REIT
Bloomberg reports that InterCure, the Israeli cannabis producer chaired by former Prime Minister Ehud Barak, has agreed to be acquired by the blank check firm Subversive Real Estate Acquisition REIT to list its shares on the Nasdaq.
Why It Matters: There aren’t many REITs or stocks of any kind that are solely focused on the legal cannabis trade. This emergence in a country already known for medical research and which is also expected to legalize recreational marijuana could make a fascinating investment option.
Qualified care investors are holding out despite the pandemic
Wealth Management reports that a handful of investors are buying senior real estate … and the prices they are paying are on average even higher than before the pandemic, despite empty beds in many facilities.
Why It Matters: The report says the average price per unit has remained stable despite a decline in the overall volume of facilities sold, indicating a fundamental belief in the value of these properties going forward. This is comforting for REITs that specialize in seniors.