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Sunday, June 24, 2018

RUDD: A way to put your trust in real estate - News - Sarasota Herald-Tribune - Sarasota, FL

RUDD: A way to put your trust in real estate - News - Sarasota Herald-Tribune - Sarasota, FL: There is no question that real estate investment trusts, known as REITs, have been in and out of favor of late. Should you consider investing in one? Warren Buffett would say yes.

A year ago, the National Indemnity Co., a subsidiary of Buffett’s Berkshire Hathaway, invested $377 million in a REIT called Store Capital (STOR), representing a 9.8 percent stake. Store issued 18.6 million shares in a private placement to National Indemnity, at $20.25 per share.