One would ideally divide money between 3-4 listed REIT’s and have maximum 15-20% of net worth allocated to this asset class. That limits the loss due to fraud etc. in one company. Also as long as office assets are paying rent, distribution might not be impacted much which should be focus rather than market price.
In my opinion, real estate in India will always have black areas, related party transactions etc. Though most are related to parent company. Structure of REIT insulates unit holders from large scale issues. An example is Embassy parent company and even Blackstone defaulting on debt which had negative impact on Embassy REIT price but zero impact on distribution. These issues were/will be forgotten by market in 1-2 years. So one should take these issues as part and parcel of business.
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