Best Areas Of Real Estate To Invest In Now
Real estate investors don’t have much to write home about this year compared with last year when they beat the stock market by a wide swath. The benchmark real estate exchange traded fund,Vanguard REIT ETF (VNQ), lost 1.5% year to date, through July 17, after rallying 30% in 2014. The SPDR S&P 500 ETF (SPY) climbed 4.3% and 13% over the same periods. Foreign real estate markets, as tracked by Vanguard Global ex-US Real Estate ETF (VNQI), surged 5.3% year to date after adding 2.2% last year.
To zero in on the best areas of real estate invest in now and get an overall assessment of the market, I checked in with Burl East. He serves as CEO of American Assets Capital Advisers, in San Diego, Calif. with $2.65 billion under management. He is also sub-adviser to the Altegris/AACA Real Estate Long Short Fund (RAAIX), overseeing $111 in assets. His fund gained 4.3% year to date and 13.8% in the past year, through July 17.