LOS ANGELES: The army of USA-based Real Estate Investment Trusts (REIT) grows weekly as new groupings form and existing REITs split and grow amoeba-like in the most conducive circumstances the world has ever seen.
Never before has so much cash chased so few quality assets. So great is the cash tsunami that it has spilled out of the USA, having hoovered the seniors housing/healthcare landscape there, pumped $4 billion into UK seniors housing/skilled nursing homes, and now is on the doorstep of six more countries…