As the housing sector has continued to struggle along, many investors have turned their attentions to multifamily and apartment real estate investment trusts (REITs) as a way to profit from the change and delay in homeownership. While that play has born some significant dividend and capital appreciation fruit, another real estate play could be a better buy over the long haul.
In this case, we’re talking about the self-storage REITs, and the king of them all is Public Storage (PSA ).