8.5.5.2Vertical

Equity REITs by Property Type

Sector-focused REITs owning industrial, office, or residential assets.

Market snapshot

These figures describe Real Estate Investment Trusts (REIT) (8.5.5), the segment that Equity REITs by Property Type sits within — not Equity REITs by Property Type on its own.

FragmentationConsolidatedEstimate

REITs are investment vehicles classified under financial vehicles (NAICS 525990, not separately reported) holding property profiled under Commercial/Residential Real Estate, so the segment is not separately sized here.

Business model & economics

Revenue model

Property income distributed to shareholders (REIT structure)

Key economics

Recurring revenue
High

recurring property rental income

EBITDA margin
Strong

property-NOI economics

Capex intensity
High

Characteristics

  • Dominant institutional real-estate ownership vehicle.
  • Rate-sensitive; reflects property-type bifurcation.
  • Public-to-private M&A and non-traded REIT growth.

Geographic concentration

AlabamaAlaskaArizonaColoradoFloridaGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaNorth DakotaOklahomaPennsylvaniaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaIllinoisNew MexicoArkansasDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoVermontLouisianaRhode IslandCaliforniaDelawareNew YorkNevada

REITs and real-estate investment vehicles concentrate in the incorporation and capital-markets states — Delaware, Nevada, California, and New York — where the entities are domiciled and managed.

DelawareNevadaCaliforniaNew York

U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 525990. Concentration shown by location quotient.

M&A deal context

Deal activityHigh

Who’s acquiring

  • REITs & private-equity real estate
  • Institutional investors
  • Take-private sponsors

What’s driving deals

  • Public-to-private REIT privatizations.
  • Sector-specialist consolidation.
  • Non-traded REIT and retail-access growth.

Find Equity REITs by Property Type acquisition targets

Search Acquisera’s index for companies classified under Equity REITs by Property Type (8.5.5.2) and build a targeted deal pipeline.

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