Follow up to my interesting buy part 1, here. United Hampshire Reit is also another 1 that is uncommon for me.
United Hampshire US reit is asia’s first U.S. grocery-anchored shopping center and self-storage REIT, United Hampshire US REIT focuses on investing in a diversified portfolio of stabilised income-producing Grocery & Necessity Properties and modern, climate-controlled Self-Storage Properties located in the U.S.
This is the first time i am buying into a reit that deals with grocery tenant anchored malls and it is based in the US. I thought it should be pretty defensive since groceries are essentials as we can see from what happened the last 2 years. People carting trolleys of stuff, necessities or not , packed like a little mountain. The reit management calls this cycle agnostic which means it is not vulnerable to cyclical shifts in the economy. Even when recession hit, people still need to eat or drink right? Sounds reasonable to me....