Published on 19 Aug 2022 on Benzinga via Yahoo Finance
REITs Are Going (And Staying) Private for These Four Key Reasons
American Campus Communities Inc. (NYSE: ACC), a publicly traded REIT that focuses on student housing, has recently been purchased by Blackrock, who wants to make it private. With current market conditions, some real estate investment trusts (REITs) have seen losses and are undervalued.
For example, the Dow Jones U.S. Real Estate Index is down 13% year to date. At the same time, many REITs are opting out of IPOs and choosing to remain private. More REITs are choosing to become and stay private since they want to avoid high market volatility, attract higher quality investors, save money and minimize regulation.