office REITs trading at deep discounts to private market val Real estate investment suggestions for 2021
The Hazelview report makes these real estate investment suggestions for 2021:
– North American cell towers benefiting from tailwinds driven by 5G technology;
– self-storage properties experiencing a rebound in street rents and rising occupancy rates;
– industrial properties benefiting from robust e-commerce growth and supply chain optimization;
– hotels being poised to benefit from a global vaccine-driven recovery and pent-up travel demand;
– multifamily communities in Canada trading at significant discounts to intrinsic value;
– open-air, necessity-based retail centres serving as quasi last-mile distribution points;
– office REITs trading at deep discounts to private market values;
– healthcare REITs owning seniors housing facilities that will benefit from an occupancy recovery;
– and specialty property types such as casinos, life sciences and cold-storage facilities.
Hazelview’s 2021 Canadian investment outlook is positive for industrial, residential and specialty; neutral for self-storage, hotels and healthcare; and negative for retail and office.