I can’t think of a better way to invest in luxury homes than with the Luxury Home Investment Trust (LHIT), a publicly traded investment fund that invests in real estate.
I also love to own a house because of its ability to make my life more convenient.
I also love owning a condo because it allows me to live with my friends and family more conveniently.
The LuxuryHomeInvestment Trust (LIIT) is a publicly-traded company that is the largest and most diversified residential investment fund in the United States.
Its assets are valued at $1.4 trillion.
It currently holds an outstanding total of more than $1 trillion in residential properties, as well as the properties of its affiliates.
Its investments are focused on both traditional and emerging market housing markets, which is why it is a leader in both markets.
In addition to owning luxury homes, the Trust also owns many properties that are under construction.
Like most investors, I also value the value of real estate properties, which allows me, for example, to pay lower interest rates and save money on the purchase of real property.
While the Luxurys portfolio of properties is diversified, its assets are largely based on properties that were previously owned by private companies.
LIIT invests primarily in real property in the following states: California, Colorado, Connecticut, Illinois, Michigan, Minnesota, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Washington, and Wyoming.
At the end of the day, LIIT’s portfolio is diversifying in many different markets and the investments it has made have been significant for the company.
Since the trust owns most of its properties in the U.S., it is able to earn more than enough income from those properties to provide it with additional funds to invest into the company’s investment portfolio.
This has allowed the Trust to grow to become the largest real estate investment company in the world.
With $1,742 billion in assets under management, the trust holds more than 9.4 billion homes.
For example, the trusts investments include: $1.3 billion in real homes and condos, including: · 1,890,000 residential properties in California, Illinois and Connecticut; · 2,971,000 condos in Florida, Indiana, Kentucky, New Jersey, New Mexico, Ohio, Texas, Utah, and Virginia; 36,000 apartment units in California and Massachusetts; 8,000 rental properties in Colorado; 7,000 hotel units in Arizona; and 1,600 condominium units in Florida.
· 943,000 homes in Colorado, including $1 billion in residential and condo properties.
And, $2.4 million in nonresidential properties in Michigan, including a $1 million apartment building in Detroit, a $100 million home in the Detroit area, a three-story apartment building, and a $400 million condominium in Grand Rapids, Michigan.
Other Luxury Property Investment Trusts I could mention are: • Aeronautics Holdings Inc. (NYSE:AER), (NYSE:ALI)Aerospace Manufacturing and Technology, Inc. (NASDAQ:ALT)American Airlines Group, Incorporated (DAQ:AAL)American International Group, (AMG)American Eagle Outfitters, Inc., (AEO)Airlines For America, Inc..
(ADI)American Investment Corporation, Inc.(AIC)American National, Inc (ANA)Alfred M. Sternberg (Fidelity)Anadarko Petroleum, Inc, (ADP)American Petroleum Institute (APEX)Apple Inc (NASDAQ) (OTC: AAPL)Antti Rissanen (Banksy)Armed Forces Incorporated (USAF)Aspen Ridge Corporation (AXC)Autodesk Incorporated(BDS)Billionaire investor Warren Buffett (NYSEARCA)Brent Jones and Sons (BJS)Brightline Group, LLC (BB)Brighton Holdings, Inc (CB)Brighten Group (CHE)Boeing (BA)Bryan Anderson (BF)Cadillac Automotive Group, Ltd.
(ABC)Carhartt Incorporated, CADC (CBS)Coca-Cola Company, Inc