Donald Trump built his wealth in real estate. He inherited a portion of his father's real estate business, which he then expanded through strategic property deals, hotel developments, and branding.
Trump also ventured into entertainment, including his popular show The Apprentice and his new social media app Truth Social, which is in the process of going public through a SPAC merger with Digital World Acquisition Corp. DWAC.
Investing in real estate is not as easy as it once was, especially with interest rates at elevated levels. However, investors can explore alternative routes to enter the real estate market, including investing in real estate investment trusts (REITs) or participating in real estate crowdfunding.
So, how can you invest like Donald Trump? Well, his portfolio includes numerous residential properties in the Northeast, so let’s take a look at a REIT with major exposure there.
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Veris Residential
Veris Residential VRS owns and operates a portfolio of 22 apartment communities containing 7,622 apartment homes as of its most recent investor presentation. Its communities are located across major markets in the Northeast, including New York, Massachusetts, New Jersey, and Washington, D.C.
Veris focuses on owning highly amenitized, Class A assets in top-performing markets, which it says command the highest average rent per unit and have superior growth rates. This is exactly what you want to see when evaluating a multifamily for investment purposes.
In addition to long-term appreciation potential of its assets and stock price, Veris pays a small dividend. It currently pays a quarterly dividend of $0.0525 per share, equating to an annualized dividend of $0.21 per share and giving its stock a yield of about 1.4% at the time of this writing.
It's important to note that the Covid-19 pandemic forced Veris to temporarily suspend its dividend, but it reinstated it in 2023 and has all the characteristics of a dividend-growth stock going forward.
Another way to invest like Donald Trump
You can also get started in real estate like Donald Trump with as little as $100 by using a real estate crowdfunding platform, like Bezos and Khosrowshahi-backed Arrived Homes or Marcus and Millichap-backed EquityMultiple. Real estate crowdfunding platforms allow you to connect with other investors and pool your money to purchase property for passive real estate income.
Learn more about real estate crowdfunding here and check out properties available for investment right now here.
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- Collecting passive income from real estate just got a whole lot simpler. A new real estate fund backed by Dara Khosrowshahi gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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