| Measured after a sale of assets, a merger or an IPO, nontraded REITs over the past two decades consistently have underperformed the broad market of real estate investing, according to a new study.
Comparing 17 “full-cycle” nontraded real estate investment trusts with two customized benchmarks, the study found that just five such REITs outperformed each of those market indexes. That means 71% of the REITs included in the study underperformed the study's customized benchmark, in large part due to fees..............................................Full Article: Source
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