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USA Today: Brexit Unlikely to Roil U.S. Real Estate Sector, Experts Say

According to USA Today: The turmoil roiling the United Kingdom real estate market since the surprise Brexit outcome is unlikely to trigger similar impact for the U.S. real estate sector, industry experts predict.

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"The fundamentals of U.S. real estate are positive," said Cedrik Lachance, director of U.S. REIT research at Green Street Advisors, a California-based real estate research firm. "That seems unchanged to us."

An average publicly traded U.S. real estate investment trust (REIT) has outperformed the Standard & Poor's 500 index by approximately 2.5% since the Brexit vote, said Lachance. However a group of roughly 10 U.S. REITs with more exposure to Europe in general have underperformed their peers, he said.

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To view the full article from USA Today, click here.