Why I Purchased Shares of This High-Yield Healthcare Property REIT
The COVID-19 pandemic is leaving no stone unturned. The whole world has been affected by the spread of the disease, but some industries have been negatively affected more so than others. One such industry -- perhaps somewhat surprisingly -- has been healthcare.
Enter Welltower (NYSE: WELL), a leading medical property real estate investment trust (REIT), with about two-thirds of its portfolio tied up in senior housing and the balance in post-acute care and outpatient surgery facilities. Social distancing has even extended to the medical community, creating new challenges for facilities as they try to keep patients and staff safe.
The near-term reality for Welltower isn't pretty but much of the pain was looking priced in, so I made a small purchase in anticipation of an eventual rebound.
Source Fool.com
