In a new report, Morgan Stanley analyst Vikram Malhotra explored senior housing REITs and discussed where he sees a buying opportunity for investors after a disappointing 2015 thus far. Malhotra sees risks remaining in the space and believes that REIT selection is critical.
Market Concerns
Healthcare REITs have underperformed the slumping REIT group in 2015, and Malhotra blames the lag on market fears surrounding rising interest rates and lower external growth.
“Elevated senior housing supply and the impact on RIDEA SS-NOI growth has emerged as a third concern with 1H15 growth below expectations,” Malhotra added.
Name-By-Name Analysis Required
Malhotra believes…
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