School Is In Session: Small Cap REITs Rule

As investors become more familiar with a new property type and develop a better sense of risk, they may find reason to reduce their assessment of risk, and that may prompt an upward revaluation of the property (and hence a lowered cap rate).


  • We do hold a number of these larger cap REITs, however, we have done a good job of mitigating our retail exposure by investing in more tactical sectors.
  • As a REIT analyst, my job is to uncover the “crown jewels” and often that job means that I have to get into the trenches and get dirty.
  • My Small Cap REIT Portfolio has performed extremely well, shares have returned +15.25% YTD.