The REIT’s “wellness infrastructure” portfolio includes seniors housing, skilled nursing facilities, hospitals and medical office buildings.
Boston Fed President Eric Rosengren listed stakes in four REITs and disclosed multiples transactions in the sector. A Boston Fed spokeswoman said his investments are “consistent with the system’s strong ethics rules.”
By taking on the non-traded REIT’s portfolio, IRT is hoping to capitalize on value-add redevelopment opportunities.
Non-traded REITs will raise about $30 billion this year, roughly triple the volume of capital raised in the sector in 2020.
REIT total returns are now up more than 25 percent year-to-date as their strong bounceback year continues.
As the outlook has brightened for commercial real estate in 2021, ETFs built on the sector have enjoyed a strong run.
VineBrook Homes Trust, which operates more than 13,500 SFRs, has held discussions with advisers about going public.