Why Is Everyone Talking About W.P. Carey?
W.P. Carey (NYSE: WPC) is a unique real estate investment trust (REIT), offering both a generous yield and an incredible amount of diversification in a single package. It just released record-breaking news that helps show why it is such an attractive option for those seeking a one-stop shop for real estate investment. Here's a quick look at why people are talking about this REIT right now.
In 2020, when a lot of REITs were simply trying to muddle through the pandemic, W.P. Carey announced that it was looking to acquire industrial and warehouse assets. The big goal was to capitalize on the ongoing, and sped-up, shift toward digital shopping at a time when companies were looking to raise cash by selling assets.
That push has continued in 2021, with the REIT just announcing that it acquired a record $1.73 billion worth of property last year.
Source Fool.com
