Judi,
here is a quick list of some healthcare reits.
GLR, HRP, HCP, NHP, MT, OHI, CCT, HR, AHE, NHC,(CEI has some medical)
HCN, UHT, NHI, & LTC seem to be a combination of equity and mortgage REIT's with medical properties.
There currently is fear in the medical REIT's that some reimbursement rates are going to be lowered for medicare, nursing homes, etc. that will hurt some of these properties. This also happened in 1994 and then they ran strong. MT, HCP and NHP are among the biggest and oldest and have returned upwards of 15% combined for the last 15 years. MT also is buying a racetrack which will give it 'shared pair' status. Only 3 other REIT's have this attractive feature which lets them shelter more earnings without paying taxes before distributing the money.
Richard |
