One area that has kinda lagged in the recovery is Office Buildings. This presents an opportunity for the average investor to still make money on this economic recovery. During the recession, office building owners took a pretty big hit due to the fact that their tenants couldn't keep up with their rent due to low revenues. This is all beginning to change now.
As the economy begins to recover, and banks begin to loosen their lending criteria, we will see more and more entrepreneurs start or expand business operations. This is great news for owners of office buildings and office REIT (Real Estate Investment Trust) owners.
Here are my top 7 picks for the best Office REITs:
Mack-Cali Realty Corporation (CLI) is a fully integrated, self administered, self managed real estate investment trust providing management, leasing, development, construction, and other tenant related services for its class A real estate portfolio. The properties are primarily office and office/flex buildings located in the Northeast. 6 of the company's properties are located here in Connecticut. www.mack-cali.com
CommonWealth REIT (CWH) primarily owns office buildings located in Central Business District and suburban areas of major metropolitan markets in the United States, and has a large concentration of properties leased to the U.S. Government and medical related tenants. 16 of the company's properties are right here in Connecticut. www.cwhreit.com
SL Green Realty Corp. (SLG) is a fully integrated, self-administered and self-managed real estate investment trust. The Trust is exclusively focused on owning and operating office buildings in Manhattan. www.slgreen.com
Brandywine Realty Trust (BDN) is a self-administered, self-managed and fully integrated real estate investment trust. The Company is engaged in the ownership, management, leasing, acquisition, and development of primarily suburban office properties. It also owns an interest in and operates a commercial real estate management services company. www.brandywinerealty.com
Franklin Street Properties Corp. (FSP) operates an investment firm. The Company focuses on investments in commercial properties, mainly institutional quality office assets in the United States. FSP also provides real estate operations including property acquisitions and dispositions, short-term financing, leasing, development and asset management. www.franklinstreetproperties.com
Government Properties Income Trust is a real estate company formed to invest in properties that are majority leased to government tenants. www.govreit.com
Highwoods Properties, Inc. (HIW) with its operating partnership and subsidiaries, develops, manages, leases and acquires suburban office and industrial properties. Highwoods has expanded into markets throughout the southeastern and midwestern United States. www.highwoods.com
As always, I recommend that before making ANY investment, you should first know exactly what you're investing in, and if that particular investment strategy is right for your goals and objectives. Click Here for more information on investing in REITs
