--- title: The REIT Fleet description: The REIT Fleet will arm you with deep knowledge of residential real estate. --- [![armada-etf-advisors-1_web](https://blog.armadaetfs.com/hs-fs/hubfs/armada-etf-advisors-1_web.png?width=200&height=43&name=armada-etf-advisors-1_web.png)](https://www.armadaetfs.com/) - [HOME](https://www.armadaetfs.com/) - [HAUS](https://www.armadaetfs.com/haus) - [INSIGHTS](https://blog.armadaetfs.com) - [VIDEOS](https://www.armadaetfs.com/videos/) - [TEAM](https://www.armadaetfs.com/team/) - [CONTACT](https://www.armadaetfs.com/contact) # The REIT Fleet - [ALL](https://blog.armadaetfs.com/all) - [REIT](https://blog.armadaetfs.com/tag/reit) - [Residential REITs](https://blog.armadaetfs.com/tag/residential-reits) - [Single Family Rental](https://blog.armadaetfs.com/tag/single-family-rental) - [Active Management](https://blog.armadaetfs.com/tag/active-management) - [Apartment REITs](https://blog.armadaetfs.com/tag/apartment-reits) - [Coastal Apartment REITs](https://blog.armadaetfs.com/tag/coastal-apartment-reits) - [Housing Market](https://blog.armadaetfs.com/tag/housing-market) - [Housing Shortage](https://blog.armadaetfs.com/tag/housing-shortage) - [Hurricane Ian](https://blog.armadaetfs.com/tag/hurricane-ian) - [Inflation](https://blog.armadaetfs.com/tag/inflation) - [Manufactured Housing](https://blog.armadaetfs.com/tag/manufactured-housing) - [Mortgage Financing](https://blog.armadaetfs.com/tag/mortgage-financing) - [Multifamily Communities](https://blog.armadaetfs.com/tag/multifamily-communities) - [Performance](https://blog.armadaetfs.com/tag/performance) - [Q3](https://blog.armadaetfs.com/tag/q3) - [Residential Real Estate](https://blog.armadaetfs.com/tag/residential-real-estate) - [SF-BTR](https://blog.armadaetfs.com/tag/sf-btr) - [Securitized Real Estate](https://blog.armadaetfs.com/tag/securitized-real-estate) - [Senior Housing](https://blog.armadaetfs.com/tag/senior-housing) - [Singe Family Rental](https://blog.armadaetfs.com/tag/singe-family-rental) - [Small Caps](https://blog.armadaetfs.com/tag/small-caps) - [Student Housing](https://blog.armadaetfs.com/tag/student-housing) - [Transient RV](https://blog.armadaetfs.com/tag/transient-rv) REIT ### [Single-Family Rental Sector: A Young Industry with Room to Grow](https://blog.armadaetfs.com/single-family-rental-sector-a-young-industry-with-room-to-grow) The single-family rental (SFR) sub-sector of the rental housing market is the latest in a long series of property types which have transitioned from... Armada Aug 22, 2023 REIT ### [Sun Belt Apartments: The Big Three See Stable but Moderating Results in 2Q](https://blog.armadaetfs.com/sun-belt-apartments-the-big-three-see-stable-but-moderating-results-in-q2) The trajectory of rent growth continues to moderate across the U.S. with coastal market performance outpacing sunbelt markets. Armada Aug 16, 2023 REIT ### [Blackstone, UC Investments, and a $4.5 Billion Infusion](https://blog.armadaetfs.com/blackstone-uc-investments-and-a-4.5-billion-infusion) In early January of this year, Blackstone Inc. (BX) announced with great fanfare that it was entering into a venture with a large institutional... Armada Jul 25, 2023 REIT ### [Spotlight on Coastal Apartment Operators Going Into Second Half 2023](https://blog.armadaetfs.com/spotlight-on-coastal-apartment-operators-going-into-second-half-2023) Coastal apartment REIT leadership is feeling “cautiously confident” as the summer leasing season progresses, and we transition into the second half... Armada Jul 18, 2023 REIT ### [Traded Versus Non-Traded Real Estate: A Healthy Dose of Industrial Real Estate](https://blog.armadaetfs.com/traded-vs-nontraded-real-estate-a-healthy-dose-of-industrial-real-estate) With the recent launch of Private Real Estate Strategy via Liquid REITs ETF (PRVT), investors will be exposed to a sizeable allocation to industrial... Armada Jul 12, 2023 REIT ### [Viva Las Vegas?](https://blog.armadaetfs.com/viva-las-vegas) Investors have seen the landscape of the Las Vegas strip change dramatically over the past decade. Armada Jun 27, 2023 REIT ### [Public versus Private Real Estate Market Returns: Mean Reversion Opportunity?](https://blog.armadaetfs.com/public-versus-private-real-estate-market-returns-mean-reversion-opportunity) The sizeable valuation gap which currently exists between public and private real estate is perhaps the largest in history, potentially making the... Armada Jun 20, 2023 REIT ### [REIT Executives Outlook in a Rising Interest Rate Environment](https://blog.armadaetfs.com/reit-executives-outlook-in-a-rising-interest-rate-environment) Recently, Armada ETF Advisors attended the NYU Schack REIT Symposium where multiple REIT CEOs and industry participants spoke on a variety of panels... Armada May 11, 2023 REIT ### [Apartment REITs: Good Results for First Quarter Earnings Lifted Stocks](https://blog.armadaetfs.com/apartment-reits-good-results-for-first-quarter-earnings-lifted-stocks) With the first quarter 2023 earnings season now in full bloom, most apartment companies have reported results that were in-line, or modestly better... Armada May 9, 2023 REIT ### [Non-Traded REITs: Personality Disorder or Just Misunderstood...](https://blog.armadaetfs.com/non-traded-reits-personality-disorder-or-just-misunderstood) The marketing of non-traded REITs has focused on a handful of talking points which warrant more discussion than is necessarily provided in the... Armada Apr 20, 2023 REIT ### [Fear, Greed and Residential REITs....Conditions Look Solid for Spring Leasing](https://blog.armadaetfs.com/fear-greed-and-residential-reits-conditions-look-solid-for-spring-leasing) To state the obvious, it has been an extremely challenging twelve-month period for the residential REIT sector of the market. Are things looking up? Armada Mar 29, 2023 REIT ### [Stability in an Unstable World](https://blog.armadaetfs.com/stability-in-an-unstable-world) We shed some light on the balance sheet characteristics of the Top 10 holdings (constituting roughly 70% of the total portfolio) within HAUS. Armada Mar 17, 2023 REIT ### [Manufactured Housing: Predictable Top Line, But Operating Expenses Reset](https://blog.armadaetfs.com/manufactured-housing-predictable-top-line-but-operating-expenses-reset) The manufactured housing sector has an impressive history of managing well through difficult economic and financial periods by providing a truly... Armada Mar 8, 2023 REIT ### [Apartments REITs: A Stabilizing Force in Uncertain Times](https://blog.armadaetfs.com/apartments-reits-a-stabilizing-force-in-uncertain-times) The major apartment operators have reported fourth quarter 2022 earnings and provided conservative, yet better than feared forward guidance for the... Armada Feb 27, 2023 REIT ### [What You Own When You Own a Passive REIT Index](https://blog.armadaetfs.com/what-you-own-when-you-own-a-passive-reit-index) REIT stands for Real Estate Investment Trust, so you might be forgiven for assuming that something called a REIT would provide you with exposure to... Armada Feb 21, 2023 REIT ### [Coastal Apartments: Better than Feared as Trends Stabilize](https://blog.armadaetfs.com/coastal-apartments-better-than-feard-as-trends-stabilize) The major coastal apartment operators have reported fourth quarter2022 earnings and provided conservative, yet better than feared forward guidance... Armada Feb 16, 2023 REIT ### [Sunbelt Region Apartments: Bellwethers Provide Insights Into 2023](https://blog.armadaetfs.com/sunbelt-region-apartments-bellwethers-provide-insights-into-2023) Sunbelt apartment companies Mid-America (MAA) and Camden Property Trust (CPT) each reported fourth quarter 2022 earnings late last week, providing... Armada Feb 9, 2023 REIT ### [Demographic Trends & REIT Investing](https://blog.armadaetfs.com/demographic-trends-and-reit-investing) When looking at the investor presentations from some of the largest Apartment REITs, we can analyze where their portfolios are growing and which... Armada Jan 31, 2023 REIT ### [Traded Versus Non-Traded REITs](https://blog.armadaetfs.com/traded-versus-non-traded-reits) A key difference between publicly traded and non-traded REITs is transparency. Armada Dec 29, 2022 Residential REITs ### [Wall Street Analyst Views for Residential REITs](https://blog.armadaetfs.com/wall-street-analyst-views-for-residential-reits) Following NAREIT’s REITWorld Conference, Armada ETF Advisors checked in with several Wall Street REIT analysts to get their thoughts on Residential... Armada Dec 13, 2022 Single Family Rental ### [Single-Family-Rentals: Operating Expenses are up, but Business Still Performing](https://blog.armadaetfs.com/single-family-rentals-operating-expenses-are-up-but-business-still-performing) Higher operating expenses impacted the SFR industry in similar ways as the line item affected the broader rental housing sub-sectors. Al Otero Dec 13, 2022 Multifamily Communities ### [“The AIR{C} Up There!”](https://blog.armadaetfs.com/the-airc-up-there) We had the pleasure joining AIR Communities Inc. (Ticker: AIRC) on a November 17th, 2022 property tour in Redwood City (San Francisco), CA. David Auerbach Nov 29, 2022 REIT ### [Residential REITs in A World of Change](https://blog.armadaetfs.com/residential-reits-in-a-world-of-change) 2022 by most accounts was a “historic” year for the rental housing industry in which the stars aligned and owner/operators benefited immensely from a... Al Otero Nov 29, 2022 REIT ### [Manufactured Housing: A Stormy End to the Quarter But Outlook Is Bright](https://blog.armadaetfs.com/manufactured-housing-a-stormy-end-to-the-quarter-but-outlook-is-bright) Two large manufactured housing REITs, Equity Lifestyle Properties (ELS) and Sun Communities (SUI) have reported 3Q 2022 earnings over the past week. Al Otero Nov 4, 2022 Residential REITs ### [Residential REITs: Balance Sheets Built to Last](https://blog.armadaetfs.com/residential-reits-balance-sheets-built-to-last) Shedding some light on the balance sheet characteristics of the Top 10 holdings (constituting roughly 70% of the total portfolio) within HAUS. Al Otero Oct 31, 2022 REIT ### [3Q Earnings Season...A Path to Normalization](https://blog.armadaetfs.com/3q-earnings-season...a-path-to-normalization) We believe that the rental housing segment of the REIT market will live up to its reputation for providing investors with safe and predictable cash... Al Otero Oct 28, 2022 REIT ### [Hurricane Ian: Managing Exposure Through Unprecedented Climate Events](https://blog.armadaetfs.com/hurricane-ian-managing-exposure-through-unprecedented-climate-events) This discussion provides a reasonable degree of solace that there will not be a lasting financial impact on our constituent companies from Hurricane... Al Otero Oct 12, 2022 Residential REITs ### [The Residential Ship Remains Steady](https://blog.armadaetfs.com/the-residential-ship-remains-steady) We believe residential REITs are poised to continue demonstrating consistent and predictable growth in operating cash flow & dividends for 2023 and... Al Otero Sep 28, 2022 Residential REITs ### [Housing Recession....What it Means and What it Means for Residential REITs](https://blog.armadaetfs.com/housing-recession....what-it-means-and-what-it-means-for-residential-reits) The long-awaited slowdown in the housing market may finally be upon us, but maybe not. We might just be witnessing a reset in expectations. Al Otero Aug 31, 2022 REIT ### [“Measuring ETF Liquidity”](https://blog.armadaetfs.com/measuring-etf-liquidity) We believe the alpha potential over the long term may make up for the spread of the lower-volume ETFs. Al Otero Aug 25, 2022 Singe Family Rental ### [Who Can Thrive With A Housing Reset?.......Single-Family Rental](https://blog.armadaetfs.com/who-can-thrive-with-a-housing-reset.......single-family-rental) It is our view that a reset in the for-sale housing market will lead to “stronger for longer” fundamentals in single family rentals. Al Otero Aug 25, 2022 Residential REITs ### [Rents Driving NOI Growth And Companies Are Raising Dividends](https://blog.armadaetfs.com/rents-driving-noi-growth-and-companies-are-raising-dividends) With 2Q earnings season now more than 50% complete for the residential REIT sub-sectors, we have been pleasantly surprised with reports thus far Al Otero Aug 16, 2022 Coastal Apartment REITs ### [Coastal Apartments 2Q22: Strong Operating Metrics Persist, Fortifying Outlook for Future Periods](https://blog.armadaetfs.com/coastal-apartments-2q22-strong-operating-metrics-persist-fortifying-outlook-for-future-periods) Large-Cap coastal apartment REITs continue to grow amidst economic concerns by utilizing key revenue drivers Al Otero Aug 4, 2022 Transient RV ### [Manufactured Housing REIT 2Q22 Results: Transient RV Business in the Spotlight](https://blog.armadaetfs.com/manufactured-housing-reit-2q22-results-transient-rv-business-in-the-spotlight) Reduced forecasts driven by moderated growth expectations from transient RV segment of the business, representing approximately 7% of total revenue Al Otero Aug 3, 2022 Residential REITs ### [Residential REIT 2Q Earnings Discussion and Second Half Outlook](https://blog.armadaetfs.com/residential-reit-2q-earnings-discussion-and-second-half-outlook) The recent market correction coupled with a stable fundamental backdrop for the residential sectors puts the group in an attractive light. Al Otero Jul 14, 2022 Residential REITs ### [Lemons To Lemonade: Tax Loss Harvesting with REIT ETFs](https://blog.armadaetfs.com/lemons-to-lemonade-tax-loss-harvesting-with-reit-etfs) Tax loss harvesting could be used to tactically enhance REIT allocation in a dislocated market environment while also positioning for future tax... Al Otero Jul 1, 2022 Residential REITs ### [Residential REITs in a Bear Market](https://blog.armadaetfs.com/residential-reits-in-a-bear-market) REITs have historically served as a strong inflation hedge and have direct exposure to primary drivers of the U.S. economy Al Otero Jun 29, 2022 Residential REITs ### [NAREIT Recap: Sun Continues to Shine on Residential REITs with Economic Clouds in the Distance](https://blog.armadaetfs.com/nareit-recap-sun-continues-to-shine) Prevalent takeaways from the National Association of Real Estate Investment Trusts REIT Week Investor Conference in New York City last week. Al Otero Jun 22, 2022 REIT ### [Managing Director David Auerbach interviews Al Otero, Portfolio Manager of Home Appreciation US REIT ETF (Ticker: HAUS)](https://blog.armadaetfs.com/auerbach-interviews-otero) A great interview of Al Otero by David Auerbach talking all things REIT! Recorded April 2022 at Exchange ETF in Miami, FL Al Otero Jun 10, 2022 Mortgage Financing ### [White House Push for Increased Housing Supply and Implications for Manufactured Housing](https://blog.armadaetfs.com/white-house-push-for-increased-housing-supply) Biden Administration puts forth a series of strategic measures aimed at increasing the supply of housing units across the country. Al Otero Jun 9, 2022 SF-BTR ### [The Single-Family Built-to-Rent (SF-BTR) Industry](https://blog.armadaetfs.com/the-single-family-built-to-rent-industry) SF-BTR provides a flexible alternative to traditional apartment living that allows for larger households, more privacy and hybrid work. Al Otero May 31, 2022 Small Caps ### [Can Small Caps Lead to Big Growth and Good Value?](https://blog.armadaetfs.com/can-small-caps-lead-to-big-growth-and-good-value) Small cap names in the residential world produced exceedingly strong results in Q1, putting forth outlooks for coming quarters that are highly... Al Otero May 26, 2022 Housing Shortage ### [“America Needs More Housing” - Easier Said Than Done](https://blog.armadaetfs.com/america-needs-more-housing-easier-said-than-done) Housing shortage is gripping the nation, adding to inflationary pressures and extracting real cost to economic output, estimated at $400 billion per... Al Otero May 23, 2022 Housing Market ### [Federal Reserve Bank of Dallas Signals Caution and Housing Expert Rebuttal](https://blog.armadaetfs.com/federal-reserve-bank-of-dallas-signals-caution-and-housing-expert-rebuttal) While a Federal Reserve Bank raises caution amidst the seemingly potential real estate bubble, housing expert Edward Pinot argues to embrace the... Al Otero Apr 29, 2022 Inflation ### [Inflation, Residential Real Estate & REITs](https://blog.armadaetfs.com/inflation-residential-real-estate-reits) REIT returns outperformed the S&P 500 under moderate/high inflation scenarios, while slightly underperforming general equities during low inflation... Al Otero Apr 26, 2022 Single Family Rental ### [Invitation Homes (INVH)](https://blog.armadaetfs.com/invitation-homes-invh) A real-time case study in active portfolio management. Portfolio Managers move forward with attractive opportunity, despite whistleblower lawsuit. Al Otero Apr 26, 2022 REIT ### [Single Family Rental - Earnings Deep-dive](https://blog.armadaetfs.com/single-family-rental-earnings-deep-dive) The much-discussed housing shortage playing out across the US is also a key reason for historically low levels of resident turnover within SFR... Al Otero Apr 4, 2022 Student Housing ### [Housing Challenges in Berkeley: Is There a Solution in Sight?](https://blog.armadaetfs.com/housing-challenges-in-berkeley) Housing imbalances at UC Berkeley show how good intentioned policies and legislative action can lead to unintended consequences that can take years... Al Otero Mar 25, 2022 Senior Housing ### [Strategically Positioned Healthcare REITs](https://blog.armadaetfs.com/strategically-positioned-healtcare-reits) Despite Covid's negative affect on occupancy levels, rents, and margins in senior housing, Welltower and Ventas remain dedicated to the sector.... Armada Mar 15, 2022 Apartment REITs ### [US Apartment REITs](https://blog.armadaetfs.com/us-apartment-reits) Taking a look at the US apartment REIT sector to see how it fared at the close of 2021 and what we can glean going into 2022. Al Otero Mar 9, 2022 ### Sign Up For Armada ETF Email Updates, Delivered Straight To Your Inbox. [![armada-etf-advisors-1_web](https://blog.armadaetfs.com/hubfs/armada-etf-advisors-1_web.png)](https://www.armadaetfs.com) © ARMADA ETF ADVISORS ALL RIGHTS RESERVED. ### Contact Us - [contact@armadaetfs.com](mailto:contact@armadaetfs.com) - [(800) 693-8288](tel:8006938288) ***Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call [(800) 693-8288](tel:8006938288) or visit our website at **[www.armadaetfs.com](http://www.armadaetfs.com/)**. Read the **[prospectus](https://www.armadaetfs.com/haus/prospectus)** or **[summary prospectus](https://www.armadaetfs.com/haus/summary-prospectus)** carefully before investing.*** Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. The fund is new and has limited operating history to judge. **Risks of Investing in the Funds:** The Funds are classified as non-diversified investment companies. The Funds may invest a greater portion of assets in the securities of a single issuer or a smaller number of issuers than if they were diversified funds. To the extent that either Fund invests in other funds, a shareholder will bear two layers of asset-based expenses, which could reduce returns compared to a direct investment in the underlying funds. Through investments in REITs, the Funds are subject to the risks of investing in the real estate market, including decreases in property revenues, increases in interest rates, increases in property taxes and operating expenses, legal and regulatory changes, a lack of credit or capital, defaults by borrowers or tenants, environmental problems, and natural disasters. The Fund smay invest in derivatives, which are often more volatile than other investments and may magnify the Funds’ gains or losses. The HAUS Fund may invest in debt securities which are subject to the risks of an issuer’s inability to meet its obligations under the security; failure of an issuer or borrower to pay principal and interest when due; and interest rate changes affect the prices of fixed income securities. In addition, an increase in prevailing interest rates typically causes the value of existing fixed income securities to fall and often has a greater impact on longer duration and/or higher quality fixed income securities. The PRVT Fund invests in mortgage-backed securities (MBS), which are subject to the risks generally associated with fixed-income securities and mortgage-backed securities. Delinquencies and defaults by borrowers in payments on the underlying mortgages, and the related losses, are affected by general economic conditions, the borrower's equity in the mortgaged property, and the borrower's financial circumstances. In addition, an increase in prevailing interest rates typically causes the value of existing fixed income securities to fall and often has a greater impact on longer duration and/or higher quality fixed income securities. Unlike typical exchange-traded funds, there are no indexes that the Funds attempt to track or replicate. Thus, the ability of the Funds to achieve their respective objective will depend on the effectiveness of the portfolio manager. In general, ETFs can be tax efficient. ETFs are subject to capital gains tax and taxation of dividend income. However, ETFs are structured in such a manner that taxes are generally minimized for the holder of the ETF. An ETF manager accommodates investment inflows and outflows by creating or redeeming “creation units,” which are baskets of assets. As a result, the investor usually is not exposed to capital gains on any individual security in the underlying portfolio. However, capital gains tax may be incurred by the investor after the ETF is sold. The Fund is recently organized, giving prospective investors a limited track record on which to base their investment decision. Investment Objective: The Home Appreciation U.S. REIT ETF (HAUS) seeks total return. For current holdings and performance click [here](https://www.armadaetfs.com/haus/). Investment Objective: The Private Real Estate Strategy via Liquid REITs ETF (PRVT) seeks total return. For current holdings and performance click [here](http://www.armadaetfs.com/prvt/). Distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Armada ETF Advisors, Tidal ETF Services or Thryve Communications. Launch & Structure Partner: Tidal ETF Services. Website by Thryve Communications. © 2021 Kalungi, Inc. - All Rights Reserved. [Powered by Atlas - a B2B SaaS HubSpot theme](https://www.kalungi.com/atlas-hubspot-theme-for-b2b-saas-software)