If I could predict bond rates I wouldn’t be at my office typing on this board. I’d likely be on my private island somewhere in the Caribbean.
Anyway, if bond rates go higher, REIT payouts lose value relative to other investments. However, the demand is still there, so APT REITS would presumably fare better than commercial REITS, mortgage REITS (ugh!), etc. Remember Ken Heebner is essentially a real-estate money manager. The apartment arena is the safest bet for him.
