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I've been around this business long enough to know that the best opportunities don't come with neon signs and brass bands. They show up wearing dirty work boots and carrying a lunch pail, usually when everyone else is running for the exits.
Which brings me to commercial real estate in late 2025.
I know what you're thinking. You've been hearing about the coming CRE apocalypse for three years. Every talking head with a Bloomberg terminal has been warning about the "maturity wall" and the "office death spiral" since the pandemic sent everyone home in their pajamas. They weren't entirely wrong.
But here's what they missed: crisis and opportunity are two sides of the same coin. Always have been.
Let me cut through the noise and give you the straight story.
Spoilers: REITs averaged a negative return in September (-0.73%), but Q3 2025 delivered a solid +2.7% gain. Over the past 12 months through September, REITs were down 4.0% while the S&P 500 gained 17.6%. But remember, REITs gained 2.8% in Q1 2025 while the S&P 500 dropped 4.4%. They're showing their defensive characteristics when the broader market gets choppy.
And we have the best ones right here in our REITs portfolio, which is perfectly positioned to profit from the under-the-radar REIT resurgence.
Let’s take a look.
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