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im liking the fact i own a un-listed reit ,more and more . no daily fluctuations, no market perceptions sinking the stock and a nice income stream and potential capital gain at the end and so conservative in nature it goes in my income bucket not my stock bucket..
you get to own real bricks and morter and although there is a 6% fee you cant buy any real estate without closing costs anywhere.
i have to admit , being not very transparent as far as the goings ons or the worth of what you own i was very sceptical but took the plunge never expecting anything more than the income stream.
for what amounted to a charge of about 1% a year apple 2 the prior un-listed reit to the one i currently own now,which is apple vii ,spun off 7 to 8-1/4% even thru the low interest rates of the 2,000's
we just broke up and sold apple 2 off after 7 years for a whopping gain.
it worked out to an average gain of 17-1/2 % for 7 years including the income stream.
to tell you the truth if it was just the income stream at that rate thru the 2,000's in a money mkt rate world of under 1% i would have been happy to give up 1% a year but to actually make money on it was a surprise.
of course the past performance dosnt mean it will happen again but even if not the 8-1/2% and no daily fluctuations make me happy.
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