I understand your mentally grouping these companies but disagree with the end result. Hospitals, MOBs, sr living, LT care might be viewed as "medical" (similar) but the buildings are not interchangeable, and the markets are separate too. They are in the same basket in the sense that that are reits and own buildings. You prob would not put industrial and data centers in the same mental basket, whatever that means, but you could convert an warehouse into a data center easier than a hospital into a MOB. OTOH, as the population ages, your "medical" grouping all might benefit. But that is quite a long term stretch/effect. So I agree that you are diversifying with you buy reits in diff "medical" markets, but you are into diff (unrelated) sectors more than you might think.
>>> MPW is a medical REIT. I own OHI a similar company and recently added DOC, another medical REIT....
Therefore, I like to hold a basket of these Medical Reits to avoid any specific company risk. |
