Kansas residents may recall a June 2014 tractor-trailer accident that left one person dead and the comedian Tracy Morgan seriously injured. The semi involved was owned by Walmart, and the retailer subsequently settled lawsuits brought by the accident victims including Morgan. The case was once again in the headlines on Sept. 30 when Walmart initiated litigation against six insurance companies alleging that they have delayed in paying claims related to the settlement.
Kansas residents who want to make the switch from investing in residential real estate to investing in commercial real estate should keep in mind that there are a number of differences between the two. Many real estate investors begin by investing in the residential side of the market, so making the switch can be done, but investors need to be mindful of a few key points.
Real estate investment trusts may be of interest to retirees and other Kansas investors who want to diversify their portfolios. These financial vehicles are backed by federal laws that require them to pay the majority of their income to shareholders in the form of dividends and, since they are traded on the market, REITs are a liquid investment. REITs offer investors who are interested in commercial real estate but who find the barriers to financial entry to be too great a chance to passively participate.
Kansas investors may be interested in the latest real estate trend projections issued by the Urban Land Institute Center for Capital Markets and Real Estate. Overall, economists are less optimistic about global growth and stability than they were six months ago. However, the U.S. market is expected to remain solid for at least the next three years.