Worried about the overall macroeconomic environment? Bet on healthcare REITs, says Jonathan Peterson, managing director at Jefferies.
"The REIT sector is at an interesting crossroads," Peterson told CNBC's Power Lunch this week. Peterson posits that the value of real estate is down 25-30% year to date, a figure he thinks it's "basically priced into" the REIT sector.
"But when we flip the page to ext year we do start to be more concerned about the macro environment," he says. Peterson says he's keeping his eye on three types of CRE against that backdrop: those with strong structural demand tailwinds (like data centers, cell towers and warehouses), those with long-duration leases, and life sciences portfolios and healthcare properties.
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