Trump Win Creates Uncertainty for Health Care REITs, Buller Says
11/15/2016 | by Allen Kenney

Steve Buller, portfolio manager with Fidelity Investments, joined for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Buller received NAREIT’s 2016 Industry Achievement Award at the convention.

Buller offered his thoughts on how Donald Trump’s victory in the presidential election impacted the real estate market. For example, he noted that health care REITs are facing uncertainty over the potential direction of public policy.

In terms of new opportunities, Buller cited logistics and industrial REITs as companies that could benefit from the Trump administration.

“If GDP growth goes forward and grows at an outsized pace in the near term, you will see more demand for logistics facilities,” he said.

Looking ahead to 2017, Buller speculated that REITs would show they can perform well in environments in which long-term interest rates are rising.