LYCOS RETRIEVER
Health Care Reit: Health-Care
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The move to include health-care REITs will give investors who track or benchmark against Morgan Stanley's REIT index another property sector to play. "When the index is broadened to include health-care REITs, investors in the index will benefit from a broader diversification in real-estate securities," says Debra A. Cafaro, chief executive of Ventas Inc., Louisville, Ky., one of the seven health-care REITs being included. Ms. Cafaro spearheaded the effort to get health-care REITs included in the index.
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BusinessWeek Online - As the number of uninsured Americans has continued to increase, accompanied by the continuing rise of health-care costs, the significant financial burden of caring for the uninsured has become a matter of increasing public policy debate. The latest point of contention: President Bush's veto on Oct. 3 of legislation to boost funding for a children's health insurance program.
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``The health-care REITs invest in a wide variety of properties with different risk profiles,'' Barclays analyst Ken Weliczka said in a report. The companies benefit from ``strong demographics, the stable demand for health-care services and the triple net leasing structure that is frequently used.''
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