How does this loophole continue to exist? Compass Point gestures to a key reason: big institutional money is unable to own small REITs in any kind of volume. Large REITs are the only way they can get into the game and these investors need the stocks' liquidity, so big investors have to pay up for large REITs. Second, investors know the large REITs, but are less familiar with smaller ones. Third, large REITs have a lower cost of capital. Their cost of equity is cheaper (due to the higher multiple) and their cost of debt is less because they're more diversified. Because of this cheaper financing, they can acquire properties at lower cap rates than smaller REITs can. But all the big companies drive acquisition prices higher.
The trend runs right down the line: the smaller the company, the lower the multiple. Public Storage has long been the top dog in this sub-sector, but smaller rivals are not all that much cheaper. Storage tends to be a hot sector in the REIT world, and so it's not so surprising that these valuations are relatively high, but they're staggered by market cap nonetheless, bearing out Compass Point's conclusion.
Fiverr: Israeli-based Fivver was started in 2010 by Shal Wininger and Micha Kaufam. It's a great resource for selling just about any service online. You can offer gigs as low as $5 but also get paid much more for upgrades and add-ons. There are plenty of providers earning 6 figures on Fiverr so it's definitely a worthwhile cause for generating a healthy income. Just ensure that you provide some serious value.
Now, making money online should seem like a pleasurable activity. Why wouldn't we do just about anything to see things through, since it would be a major source of pleasure, right? Wrong. In the beginning, like anything else, we might get really excited about it. We might also set our hopes very high. But that all comes crashing down when we begin to fail.
Using a food delivery service can’t necessarily earn you money, but it can help you save you money if you constantly find yourself throwing out half the food you buy. Food delivery services send a box of food every week with new, sometimes unique vegetables, meat, fruit, and so on. If you don’t have time to shop and want simple meal-prep that leads to a good meal, a food subscription service may be perfect for you.