Specialty REITs own and manage a unique mix of property types and collect rent from tenants. Specialty REITs own properties that don’t fit within the other REIT sectors. Examples of properties owned by specialty REITs include movie theaters, farmland and outdoor advertising sites.

Multiple Six Flags amusement parks, and the Northstar California ski resort are REIT owned. 

Who Invests in Specialty REITs?  

Many Americans may be unaware that they already have investments in REITs via their 401ks, Thrift Savings Plan (TSP), or other investment vehicle geared towards retirement. Large institutional investors, including pension funds, endowments, foundations, and insurance companies, also invest in REITs as a cost effective and efficient way to gain exposure to the real estate asset class. 

How to Invest in Specialty REITs

There are numerous specialty REITs listed on the FTSE Nareit US Real Estate Indexes. Many investors acquire shares in these REITs via REIT mutual funds or exchange-traded funds (ETFs), but individuals can also invest directly in a REIT with the help of a broker.



10/31/2023, Source: FTSE
Number of REITs
Dividend Yield
YTD Total Return
October Total Return
2022 Total Return

Quarterly Data

Source: Nareit T-Tracker
Q3 2023 2023
FFO ($M) $587 $1,318
NOI ($M) $1,575 $1,575
Dividends paid ($M) $456 $1,375

List of Specialty

1 Year Total Return Stock price
Blackstone Real Estate Income Trust, Inc.
N/A | New York United States | Specialty
Not available
EPR Properties
EPR | Kansas City United States | Specialty
Farmland Partners Inc.
FPI | Denver United States | Specialty
Fibra Educa
BMV | Mexico City Mexico | Specialty
Not available
Gladstone Land Corporation
LAND | Mc Lean United States | Specialty
Iron Mountain
IRM | Boston United States | Specialty