No. of Recommendations: 0
It is interesting that I thought apartment REITs were the safest when I really started to get interested in REITs. I had BRE from before it was an apartment REIT and kept it until a year or two ago when it topped $60/sh and sold.

But apartment REITs will plunge also, including AVB. During the tech boom, we bought more BRE at about $15/sh as I recall and UDR around $10/sh, both had dropped from in the $20s/sh.

There were those who though grocery store anchored strip malls were the safest, but I took one of the largest losses in my career on KIM common. We have a lot of their preferred G & some H.

Probably the safest REIT is PSA though we only own a lot of their preferred D. True they have a lot of preferred stock to service, but at least they are not beholden to the whims of the financial industry that needlessly (in my opinion) killed TMA, for example.

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