The REIT sector, in particular the hospitality sector, has taken it on the chin last year. But that does not stop the mergers and acquisitions from happening. We had written earlier about three REITs that conducted acquisitions recently. Here are another three REITs that recently purchased assets to grow their business amid an economic recovery. Ascott Residence Trust (SGX: HMN) Ascott Residence Trust, or ART, is Asia’s largest hospitality trust with assets under management (AUM) of S$7.3 billion as of 31 December 2020. The trust’s portfolio consists of 86 properties in 38 cities across 15 countries and includes hotels and serviced residences. ART has a strong sponsor in CapitaLand Limited (SGX: C31), a diversified real estate conglomerate that owns and manages a global portfolio worth S$137.7 billion as of 31 March 2021. For its fiscal 2021 first quarter (1Q2021) business update, ART reported a quarter on quarter increase in revenue per available unit (RevPAU) of property of S$55....